1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Damm [24]
2 years ago
11

Your corporation has the following cash flows: Operating income $250,000 Interest received $ 10,000 Interest paid $ 45,000 Divid

ends received $ 20,000 Dividends paid $ 50,000 If the applicable income tax rate is 40% (federal and state combined), and if 70% of dividends received are exempt from taxes, what is the corporation's tax liability
Business
1 answer:
masha68 [24]2 years ago
8 0

Answer: $88,400

Explanation:

My corporation Plc

Corporate tax for the year

Operating incom $250,000

Interest received $10,000

Interest paid ($45,000)

Dividends received $6,000

Taxable income $221,000

Since the tax rate is 40%

Tax= 0.4x($221,000) = $88,400.

NOTES

Taxable income is (250000+10000+6000-45000)

Interest paid is in bracket because it's a deduction.

70% of dividends received is excepted from tax

0.3x20000=$6000

Dividends paid out is after tax has been deducted.

You might be interested in
Garten Inc. is a publishing company. It has a very diverse workforce. When interns and new employees join the company, they are
lawyer [7]

Answer:

B) diversity pairing

Explanation:

When people of different cultural backgrounds, sexes, races, are paired for mentoring, it is known as diversity pairing.

7 0
3 years ago
Montana Company was authorized to issue 150,000 shares of common stock. The company had issued 69,000 shares of stock when it pu
chubhunter [2.5K]

Answer:

a

Explanation:

6 0
2 years ago
Abdul, a manager at chrysum corp., was assigned the task of overseeing the operations in a foreign office for a week. before lea
PSYCHO15rus [73]

In the scenario above, the technology that Abdul used is an example of voice mail communication. This method is employed by having voice messages to be stored in an electronic manner in which is intended to be retrieved by those recipients who are going to contact the person using this method.

<span> </span>

3 0
3 years ago
Advise florence and her team on how they can convince the staff using john kotters theory to lead change
mestny [16]
John kotters theory consist of 8 steps processes for leading change.

Change is hard.

Especially if we wanted to change something that deeply immersed in our habit. Florence and her team cannot just tell and force the staff to change. They have to be patient and implement the correct ways to the changes in order for it to be happen.
8 0
3 years ago
If a manufacturing process takes 4 hours per unit of x and 2 hours per unit of y and a maximum of 100 hours of manufacturing pro
lilavasa [31]

Answer:

The algebraic formulation of the constraint is 4X+2Y ≤ 100

Explanation:

The algebraic formulation of the constraint is shown below:

Given that

The number of hours taken per unit of x is 4 hours

And the number of hours taken per unit of x is 2 hours

And, the maximum hours available is 100

Now based on the above information

The  algebraic formulation of the constraint is

= 4X+2Y ≤ 100

hence, the same is to be considered

6 0
3 years ago
Other questions:
  • What are assets ? A. Money and other valuables belonging to an individual or business B. Assessments on a partnership such as ta
    8·1 answer
  • A ledger: Select one:
    8·1 answer
  • To achieve and maintain physical fitness, exercise intensity should be ________ of the maximal heart rate.
    6·2 answers
  • On April 1, 2020, Rasheed Company assigns $400,000 of its accounts receivable to the Third National Bank as collateral for a $20
    13·2 answers
  • Three Waters Co. is a small company and is considering a project that will require $700,000 in assets. The project will be finan
    14·2 answers
  • Terry’s Frame &amp; Art Shoppe produces and sells picture frames to clients at $8.00 per picture frame. The variable cost to pro
    11·1 answer
  • In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2017 were
    13·1 answer
  • Luxere Hotels International, an American company, sells the rights to other hospitality companies globally to open hotels with t
    11·1 answer
  • List three market practices that the govemment<br> regulates or bans to protect competition
    7·1 answer
  • How good are we in business?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!