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3 years ago

Which of the following statements is true regarding c corporation dividend distributions?

Business

1 answer:

mel-nik [20]3 years ago

4 0

Answer:

C corporation dividend distributions are taxed first at the time they are calculated at the entity level and then also taxed at the individual shareholder level.

Option: (D)

Explanation:

When the dividend is at the entity level, it is deemed to be as the profit gained by the corporation.

Hence, the corporation is bound to pay the corporate income tax of 21% on the entire amount of dividends.
Once the dividend is distributed among the shareholders after initial taxation, it becomes income for the shareholders. Thus, shareholders also need to pay the income tax.

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Write any five different between of profession and professional education.

Kaylis [27]

Answer:

Profession is a field or work of life,which you choose in order to become a professional of that field. For example, Teaching is a profession and am a teacher which makes me a professional of that

5 0

3 years ago

Sheila and Joe Wells are married with two dependent children. During 2019, they have gross income of $159,800, deductions for AG

Anna71 [15]

They have a tax due of $6,453.36

Explanation:

Gross income = $159,800

Deductions for AGI = $5,500

Itemized deductions = $25,000

Tax credits = $2,000

Federal income tax = $22,000

AGI = gross income - deductions for AGI

AGI = 159800 - 5500

AGI = 154300

Taxable income = AGI - itemized deductions

Taxable income = 154300 - 25000

Taxable income = $1,29,300‬

Using tax table of 2019

Gross tax = 32170 + ( 129300 - 88359 ) × 24%

Gross tax = $17,546.64‬

Tax due = gross tax - tax credit - withholding

Tax due is = 17546.64 - 2000 - 22000 = - 6453.36

Tax due is = $6,453.36

5 0

4 years ago

Congratulations, you are a millionaire. No, the Delaware Lottery office did not call. However, an officer from Bank of America h

nevsk [136]

Part A

Answer:

$207,021

Explanation:

The balance on the account at the end of the year 2020 is $1,000,000

The question asks us to calculate the balance on the account at the end of the year 1970, which is exactly 50 years ago.

We would simply discount the $1,000,000 by using an interest rate of 3.2%

$PV_{1970}$ = $\frac{1000000}{(1 + 0.032)^{50} }$ = $207,021

Part B

Answer:

$17,892.88

Explanation:

We have the value at year 1970 which is $207,021

Now to calculate the annual payment (PMT) we would plug the following values in the financial calculator,

PV = 0

N = 10

FV =207021

I/Y = 3.2

PMT = ?

PMT = $17,892.88

https://www.calculator.net/finance-calculator.html?ctype=contributeamount&ctargetamountv=207021&cyearsv=10&cstartingprinciplev=0&cinterestratev=3.2&ccontributeamountv=1000&ciadditionat1=end&printit=0&x=102&y=11

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3 years ago

Bethnik Blu, a high-quality paints manufacturer, markets its paints as eco-friendly products that contain no traces of harmful p

slava [35]

Answer: Green-washing

Explanation:

The green-washing is one of the process in which the company or any organization are misguiding the data or information about their products and the services that they are more environment friendly.

The green washing concept also creating the false belief in which they deceptive the claim that the company are providing the various types of technology and products which are beneficial for the environment.

According to the given question, the Bethnik Blue is one of the high quality manufacturer company that implementing the green washing concept for selling their products and the services in the market.

Therefore, Green washing is the correct answer.

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3 years ago

Why are many entrepreneurs uncomfortable on a relaxing vacation

Kisachek [45]

Because they feel a strong sense of urgency about their ideas.

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3 years ago

Read 2 more answers