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quester [9]
3 years ago
10

Brass Co. reported income before income tax expense of $60,000 for 2017. Brass had no permanent or temporary timing differences

for tax purposes. Brass has an effective tax rate of 30% and a $40,000 net operating loss carry-forward from 2016. What is the maximum income tax benefit that Brass can realize from the loss carry-forward for 2017?
Business
1 answer:
Zielflug [23.3K]3 years ago
5 0

Answer:

$12,000

Explanation:

30%×$40,000= $12,000

Brass Co.'s 2017 taxable income of $60,000 exceeds the $40,000 net operating loss carry forward from 2016.

Therefore the total net operating loss carry forward can be utilized in 2017 in which $40,000 carryforward will be used to offset $40,000 of Brass' taxable income.

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The process of linking relief and development is often a major deviation from the missions of both development and relief agenci
stiks02 [169]

The process of linking relief and development is often a major deviation from the missions of both development and relief agencies.-----False

Linking relief and development:

The key to linking relief and development from the development side is to find ways of reducing (a) the frequency and intensity and (b) the impact of shocks, which will in turn reduce the need for emergency relief.

What is development and relief agencies?

IRD is a nonprofit, nongovernmental organization responsible for implementing relief and development programs worldwide. IRD's mission is to empower the world's most vulnerable communities to achieve self-sufficiency through innovative solutions, applied knowledge and targeted expertise.

Learn more about development and relief agencies:

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3 0
1 year ago
Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,
alex41 [277]

Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

21000+1800+11000=33800

Now, we calculate the net income she would receive, if she didn't go to the college:

16000-7200=8800

Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.

33800+8800=42600

7 0
3 years ago
Who wants to talk to me? (NO POLITICS) PLZ :(
vampirchik [111]

Answer:

if no politics why u put category as business xD

Explanation:

8 0
3 years ago
Read 2 more answers
Having just returned from the war in Afghanistan, David has $25,000 in his savings account. His girlfriend suggests that he talk
nexus9112 [7]

Answer:

The correct answer is FALSE.

  • First it's not sound investment advice to put all his savings into an investment because as the narrative rightly points out, he may have other needs.
  • Second, high growth stock are also
  1. high risk
  2. they only pay in the long term only if the company is successful because dividends are re-invested which is one of the reasons the companies grow quickly.

Although they are high risk, they also have great advantages such as:

  1. High growth rate: this means if all goes well David will enjoy a good return on his investment;
  2. It's also a way to protect his money from erosion by inflation

What can David do?

Subject to the advise of a professional investment professional

  1. David needs to take into consideration his immediate needs, set aside some funds to take care of that.
  2. Invest the balance into a mix of high growth rate stock which are high yielding but risky and low growth rate but secure investment like government bonds.
  3. Start a small business by the side or get a job in the interim as he continues with his new life.

Cheers!

7 0
3 years ago
PLEASE HELP
erma4kov [3.2K]
A I believe is the correct answer
8 0
3 years ago
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