Answer: See explanation
Explanation:
First and foremost, it should be noted that there's a flat tax rate of 21% on the taxable income, therefore the after tax income will be:
= (1 - 21%) × $1 million
= 79% × $1 million
= $790,000
Therefore, the amount of the dividend payment is $790,000 which is given to Leona.
The after tax cash flow from the dividend receipt will be:
= $790,000 - (20% × $790,000)
= $790,000 - (0.2 × $790,000)
= $790,000 - $158,000
= $632,000
Therefore, the total tax by Henly and Leona will then be:
= $210,000 + $158,000
= $368,000.
This is 36.8% (368000/1 million) of the tax rate.
Answer:
The American Dental Association (ADA) is the professional association of dentists dedicated to serving both the public and the profession of dentistry. This association was founded by William Henry Atkinson. A retired dentist would be a member of the American dental association because he/she is still a dentist and can contribute to promoting public's health by providing quality oral health care. Correct answer: B
Explanation:
edge2020
The answer is True. Hope this helps
Answer:
b. strive to cut costs and increase efficiency.
Explanation:
Theory X managers is pessimistic. They believe people are lazy and unproductive. They will look to implement politics to increase the productivity,.
