Explanation:
The journal entry is as follows:
1. Deferred tax assets A/c Dr
To Income tax benefit - Operating loss A/c
(Being the income tax benefit is recorded)
The computation is shown below:
= Net operating loss × enacted tax rate
= $388,000 × 25%
= $97,000
2. Now the lower portion of the 2021 income statement is presented below:
Net operating loss before income tax $388,000
Less: Income tax benefit - Operating loss -$97,000
Net loss $291,000
Legislation would most likely ask interest groups to help shape public policy because the interest groups are knowledgeable about the specific issue.
Hope i helped :)
Answer: The following statement is correct:<u><em> The dead-weight loss of the tax is $12.50.</em></u>
We can compute Dead-weight loss as :
Dead-weight loss = × [Quantity before tax - Quantity after tax]×[ - ]
∵ Tax revenue= Tax × Quantity after tax
⇒ Quantity after tax =
⇒Quantity after tax = 950
∴ Dead-weight loss =
⇒ Dead-weight loss = 12.50
<u><em></em></u>
<u><em>Therefore the correct option is (d)</em></u>
She had a reduction of funds which totaled 206.76. A reduction is a debit a credit is when you add funds. So, D is the answer for this one.
(p)*(i)*(t)
200*32%*1m
200*.32*(1/12)=5.333
the correct answer should be
A) 5.33