Answer:
$15,000
Explanation:
The general business credit is given by the taxpayer’s net income tax reduced by the greater of either The tentative minimum tax or 25 percent of net regular tax liability that exceeds $25,000
Tax payers net income tax = $190,000
Tentative minimum tax = $175,000
(25% × (185,000 - 25,000)) = $40,000
Therefore $175,000> $40,000
The credit = $190,000 - $175,000 =$15,000
Answer:
C
Explanation:
The correct option is C :price to increase and the profits of firms in the market to decrease
This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.
Answer: a. The listing agreement they will use
b) Ted's office policy regarding intermediary brokerage
c) Ted's office policy regarding commission splits with "other" brokers
Explanation:
Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.
• The listing agreement they will use
• Ted's office policy regarding intermediary brokerage
• Ted's office policy regarding commission splits with "other" brokers.
These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.
Answer:
Consider the following analysis.
Explanation:
<em>Journal Entries
</em>
- Income tax expense.............$4,0000,000
- Deferred tax liability (10 million - 7 million )*40%........$1,200,00
- Income tax payable (7 million * 40% )................$2,800,000
Using decimals is 4.0, 1.2, and 2.8.
Answer:
MICE; GIT; FIT
Explanation:
Meetings, Incentives, Conferencing & Exhibitions.
The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, which is a big moneymaker in the travel industry.
Group Inclusive Tour
It is a travel program with a special fare and specific requirements usually a minimum number of persons often more than 5 persons traveling as a group throughout the tour.
Foreign Independent Tour
Though somewhat of a misnomer, an FIT is any customized independent tour arranged by a travel agent.