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Alexxandr [17]
2 years ago
7

Suppose your firm had the following taxable income amounts: 2015 ($5 million) operating loss 2016 $4 million 2017 $4 million 201

8 $4 million After you "carry forward" the operating loss, what is the effective taxable income for 2017
Mathematics
1 answer:
ioda2 years ago
5 0

Answer:

$7,000,000

Step-by-step explanation:

The taxable income is the amount of money (income earned or unearned) by an individual or an organization that creates a potential tax liability.

The formula is shown below:

Taxable Income Formula = Gross Total Income – Total Exemptions – Total Deductions

Note that $5,000,000 for 2015 is an operating loss which is a deduction.

Gross Total Income = $4000000+$4000000+$4000000 = $12,000,000

Total Exemption = 0

Total Deductions = $5,000,000

Taxable Income Formula = $12,000,000 - $5,000,000 = $7,000,000

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Answer: the length of one edge of the square base of the second container is 6 inches.

Step-by-step explanation:

The formula for determining the volume of a rectangular container is expressed as

Volume = length × width × height

Considering the first container,

Length = 12 inches

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Height to which the water is filled is 6 inches.

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Considering the second container,

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Since the water in the first container was poured into the second container, then

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