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anastassius [24]
3 years ago
5

During the year just ended, Shering Distributors, Inc., had pretax earnings from operations of $490,000. In addition, during the

year it received $20,000 in income from interest on bonds it help in Zig Manufacturing and received $20,000 in income from dividends on its 5% common stock holding in Tank Industries, Inc. Shering is in the 40% tax bracket and is eligible for a 70% dividend exclusion on its Tank Industries stock.A. Calculate the firm's tax on its operating earnings only.B. Find the tax and after-tax amount attributable to dividend and interest income.
Business
1 answer:
mixas84 [53]3 years ago
3 0

Answer:

A) Shering's operating activities reported a $490,000 pretax profit, and since their tax rate is 40%, their taxes = $490,000 x 40% = $196,000

B) Shering only has to include 30% of the dividends received from Tank as taxable income = $20,000 x 30% = $6,000, plus the $20,000 from bonds form Zig = $26,000

Shering will owe $26,000 x 40% = $10,400 in taxes, and its after tax income = $40,000 - $10,400 = $29,600

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Answer:

The male frog would join the female frog in the water poodle

Explanation:

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Let x = temperature the 10000 joules from sun Ray would raise the temperature of the copper

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x¹ = 56.9°c

Since x for the male frog is greater than x¹ for the female frog, the male frog would be more uncomfortable because it's environmental temp is far higher than the comfort zone tem which is 20° to 40°c so it would move to join the female frog.

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