Answer:
The major attraction of S corporations is that they avoid the problem of double taxation
Explanation:
Am S corporation is also called a small enterprise corporation that providers liability protection for its owners.
The business is considered.to.ba an independent entity, so if the corporation is liable to pay a judgement sum the owners will not be asked to use their personal funds to repay.
One key feature.os S corporation is that tax is passed along. The tax to be paid by the business is transfered to the owners.
So taxis only paid once. This avoids double taxation where the business is taxed and owner also taxed.
Answer: Expansionary; Short-term
Explanation:
<em>If you were on the Federal Reserve Board and you were concerned only with reducing high unemployment, you would implement an </em><em><u>expansionary </u></em><em>monetary policy with a </em><em><u>short-term</u></em><em> focus.</em>
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Expansionary monetary policy has the effect of putting more money into the economy. As there is now more money in the economy, the expectation is that there will be more consumption spending as well as investment. More consumption because people have more money and more investment because interest rates reduce when there is an increased money supply. As there is now more investment as well as the need to satiate the increased demand, more companies can expand and employ people thereby reducing unemployment.
This should however be done with a short term view because expansionary monetary policy will lead to higher inflation in the longer term making business operations less profitable.
Answer:
Option (B) is correct.
Explanation:
Given that,
Megabux National Bank currently has deposits = $200 million
Fed establishes a reserve requirement = 12 percent
Therefore,
Reserves must be hold by the Megabux national bank against its deposits:
= Amount of Deposits × Required reserve ratio
= $200 million × 12 percent
= $200 million × 0.12
= $24 million
Answer:
Contact the IRS to see if there is a payment plan that works for you.
Explanation:
In a situation where someone determines that they cannot pay the tax liability, it is advisable to still file the tax return by the stipulated deadline. Additionally, contact the Internal Revenue Services(IRS) and explain your situation; they most likely have other payment plans that would work for you. Ignoring the tax bill and hoping that IRS will overlook it can lead to penalty; this might be very costly.
Answer:
b. $50,000 in total
Explanation:
Preference shareholders: The preference shareholders are that shareholders who receive the divided before equity shareholders
The computation of the annual dividend is shown below:
= Number of shares × price per share × rate
= 10,000 shares × $100 × 5%
= $50,000
The annual dividend for preference shareholders will be computed by applying the number of shares, the price per share, and the rate.
