Answer:
$2,014
Explanation:
Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .
Therefore
$304,000 - $200,000 = $104,000
3.8%×$104,000= $3,952
($53,000 × 3.8% )= $2,014
The additional tax that alain will pay on his net investment income for the year is $2,014
Answer:
401 retairement plan
Explanation:
A 401(k) is a retirement plan based on savings with the contribution of the employer. The contribution made by the employer and portion of the wage that is saved is collected before taxes.
Based on the expected sales, net profit margin, and dividend payout ratio, the projected increase in retained earnings for Khadimally Inc, is $33,181.71.
<h3>What is the projected increase in retained earnings?</h3>
First find the expected profit:
= Sales x Net profit margin
= 763,500 x 5.3%
= $40,465.50
The projected increase is:
= 40,465.50 x (1 - 18%)
= $33,181.71
Find out more on retained earnings at brainly.com/question/25998979.
Hello!
The correct answer for the blank is: Quaternary.
I really hope this helped you out! :)
When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records the journal entry of its payment of principal with a debit to cash in the amount of $50,000.
<h3>What is a journal entry?</h3>
A systematic way of making and maintaining the record of the financial transactions in the journal books of an organization, with a proper narration of the same, is known as a journal entry.
Hence, option C holds true regarding the journal entry.
Learn more about a journal entry here:
brainly.com/question/20421012
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