Using technological tools to craft reports and proposals

Before the provision for Federal income tax, Karas Corporation had book income of $400,000 for the current year. The book income

Margaret [11]

Answer:

correct option is c. $350,000

Explanation:

given data

book income = $400,000

dividends = $100,000

owned domestic corporation = 15%

to find out

Karas Corporation's taxable income for the current year

solution

we know here that Karas Corporation qualifies report that dividends received deduction = 50 % of dividends from the taxable unaffiliated domestic corporation

so we here assumed that if paying corporation is unaffiliated

then receiving corporation owns less than = 20 %

so book net income before federal income tax = $400,000

and Dividends received deduction = 0.50 × $100,000 = $50,000

Taxable income will be = book net income before federal income tax - Dividends received deduction .................1

put here value

Taxable income = $400,000 - $50000

Taxable income = $350,000

so correct option is c. $350,000

6 0

3 years ago

Josh is a vice-president for 20th Century Fox, a movie production company. He has the responsibility for managing the firm’s mar

Umnica [9.8K]

Answer:

The answer is letter B

Explanation:

B. link film producers to other middlemen.

8 0

3 years ago

Paden Company purchased merchandise from Emmett Company with freight terms of FOB shipping point. The freight costs will be paid

Nikitich [7]

Answer:

Buyer (Paden Company)

Explanation:

The freight costs will be paid by the Buyer. FOB shipping point means that the Buyer takes all the risks and rewards associated with the purchase as soon as the goods leave sellers location.

8 0

3 years ago

What is true in a market structure characterized by monopolistic competition?

nataly862011 [7]

Answer:

C)Many firms operate in the market and produce similar, but differentiated products.

Explanation:

A monopolistic market structure has many firms competing for the same customers. Although the firms sell similar products, each tries to make their products different from the rest. Each firm can set its price because the products are differentiated. Other characteristics of monopolistic competition include

Freedom of entry and exit.
There many sellers and buyers
Each firm sets its product price

8 0

3 years ago

Please tell me 5 interesting for each one and one question that you have for each i need this for a class that only 15 people ar

Evgen [1.6K]

Answer:

Towson University-

the second-largest university in the prestigious University System of Maryland

the 12th-largest public university system in the United States

The campus has pledged to become carbon neutral by 2050.

Their numbers include over 800 international students from 100 nations.

Before being the Tigers, Towson's mascot was the Golden Knights.

Q? What is the average GPA for this school

UCLA-

UCLA's colors are “True Blue” and gold

frequently used in movies that require a college setting

has a proud history in many sports, and was the first university to reach the 100-championship mark.

was founded in 1919 as the Southern branch of the University of California

regularly receives the largest number of undergraduate applications per year.

Q? Is UCLA a top 20 school?

UCF-

the largest university by enrollment in Florida

ranks second among Florida's state universities

has a formal plan to increase civic learning and political engagement

UCF's six-year graduation rate is 70 percent

UCF has gone through four different mascots.

Q? What is UCF best known for?

4 0

3 years ago