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]
3 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]3 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
About COMM101
ValentinkaMS [17]
What would you say your style is mine is a mix of grunge,kinderwhore and a little bit of hippie fashion
5 0
3 years ago
Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces is:________
Volgvan

Compared to a perfectly competitive firm, the demand schedule of a monopolistically competitive firm faces <u>downward-sloping demand curves</u>.

A monopolistic market is a theoretical situation that describes a marketplace in which only one agency might also provide products and services to the public. A monopolistic market is the other of a perfectly competitive marketplace, in which an endless variety of companies function.

Monopolistic opposition exists while many businesses offer competing products or services which might be similar, but not best, substitutes. The barriers to access in a monopolistic competitive industry are low, and the choices of anyone firm do now not directly have an effect on its competition.

A monopoly has management over the supply of the product but though it can are seeking to influence the demand, it does not have management over it. In truth, a monopoly has to make a preference. it may set the price, but then it has to just accept the extent of income, consumers is prepared to buy at that fee.

Learn more about monopoly here: brainly.com/question/13113415

#SPJ4

5 0
1 year ago
A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72. What is the return on equi
Karolina [17]

Answer:

C 14.45

Explanation:

Return on equity = .084 ×(1 + .72) = .1445, or 14.45 percent

8 0
3 years ago
One result of earnings management is:a.It brings into question the quality of earningsb.It uses a non-GAAP financial measure to
HACTEHA [7]

Answer:

The correct answer is A. It brings into question the quality of earnings.

Explanation:

It will be taken as management to the action of administering in the most efficient way to that profit that we obtained. When talking about efficiency, it points to the idea that money made up of profit must be spent intelligently.

To understand that not all money from a profit must be spent on personal matters. This does not mean that a certain part is not destined for it, because otherwise there will be no motivation to generate profit on a personal level. That is why it is important to know how to distribute the profit obtained in the most intelligent way possible. For this you only have to allocate 60% (the percentage is estimated the same can vary), to spend the money of a profit on personal expenses. Then one wonders what will happen with the remaining 40% (estimated percentage)? This is where intelligence comes in to manage the profit, this percentage must be used for reinvestment and also to form a contingency fund. This seeks to generate a multiplier effect of the capital earned and also form a "cushion" (savings) for when things are not right.

This type of profit management can be applied either at the company level: where part of the profit is reinvested to grow the business. And in turn it forms a contingency fund for any mishap that can be generated over time.

4 0
3 years ago
All records make up a ??<br><br> a-File<br> b-Field <br> c-Records<br> d-Database
Kitty [74]

Answer: D. is the answer

Explanation:

sub to me

5 0
3 years ago
Other questions:
  • Dragonfly, publisher of children's books, has purchased White Rabbit, another publisher of children's books. Both companies' boo
    9·1 answer
  • Business partnerships must involve partners who are willing to do which of the following
    5·1 answer
  • How do u win from the stocks.
    6·1 answer
  • Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
    11·1 answer
  • A monopoly industry:A. has very significant barriers to entry. B. faces a downward sloping demand curve. C. produces a product f
    8·1 answer
  • On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on Januar
    15·1 answer
  • Which of the following constitutes an implicit cost to company A
    7·1 answer
  • Suppose the market price increase. Which statement is correct?
    8·1 answer
  • Which of the following could be considered collateral for a loan? (Select all that apply.)
    7·1 answer
  • Clover finance wants to increase the usefulness and accessibility of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!