Answer:
B) $24,500
Explanation:
ABC's foreign tax credit should be $25,000, but there is a foreign tax credit limitation that it cannot exceed, that limitation would be:
[foreign income / (domestic income + foreign income)] x domestic tax liability
= [$80,000 / ($120,000 + $80,000)] x $61,250 = $24,500
Since $24,500 is lower than $25,000, then you have to take $24,500
Answer:
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance ... Lord Penrose's 2004 Equitable Life Inquiry found that the company had made ... Both types of bonus were allocated at the discretion of the directors in ... between a fixed Guaranteed Annuity Rate (GAR) or the Current Annuity Rate ...
Explanation:
Answer:
what rate is he earning interest
Interest rate is 8%
Explanation:
I = C·i·t,
C Initial Investement
i Anul interest rate
t time
16000=20000*i*10
16000=200000*I
I=16000/200000
I=0,08
I=8%
Answer:
<u>True</u>
Explanation:
If this $27,500 fine is actually per passenger, it could greatly incentivize airlines to cancel fewer flights than before. Consider that, most airline tickets are far lower than $27,500, so if airlines are paying fines worth many times more than they actually collect per individual tickets, they will incure great losses.
