Answer:
$755 taxes due
Explanation:
Data provided in the question
Gross tax liability = $7,255
Credits available = $2,450
Taxes withheld by his employer = $4,050
So by considering the above information, the Jamison taxes due with his tax return is
= Gross tax liability - credits available - taxes withheld by his employer
= $7,255 - $2,450 - $4,050
= $755 taxes due
Answer:
$200
Explanation:
The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.
§351 allows corporations to defer taxes from capital gains (or losses) resulting from the transfer of property in exchange for stocks.
Corporation's tax basis = $200
Answer: $50.83
Explanation:
Based on the information given in the question, the following can be deduced:
r = required return = 10.6% = 0.106
D0 = Dividend = 3.29
g = growth rate = 4.4% = 0.044
The price per share of the company's stock will be:
= D0(1 + g)/(r - g)
= 3.29(1 + 0.044)/(0.106 - 0.044)
= 3.29(1.044)/(0.062)
= 3.15134/0.062
= $50.83
International foods corporation insures its real and personal property, as well as the lives of its key employees, to protect its financial interest should some event undermine its security. this is:____.
Food Security
What is meant by food security ?
According to the Committee on World Food Security of the United Nations, food security is the state in which all people, at all times, have physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
International Foods Corporation insures its real estate, personal belongings, and the lives of its key personnel in order to safeguard its financial interests in the event that something were to compromise its security. Food security is this.
Learn more about food security here:
brainly.com/question/1618431
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Answer: $180
Explanation:
From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.
Therefore, the debit to Discount on Notes Payable in the general journal will be:
= $9,000 × 8% × 90/360
= $9,000 × 8/100 × 1/4
= $9,000 × 0.08 × 0.25
= $180
The correct answer is $180
It should be noted that we used 360 days for a year.
