1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
castortr0y [4]
3 years ago
10

Charlie's regular tax liability is $43,695. His tentative minimum tax is $58,304. He doesn't have any tax credits. What is the a

mount of Charlie's alternative minimum tax (AMT) and how much will he actually pay in tax for the current year?
Business
1 answer:
sergejj [24]3 years ago
6 0

Answer:

a. AMT = $14,609

b. Tax to pay = $58,304

Explanation:

a, What is the amount of Charlie's alternative minimum tax (AMT)

AMT = Tentative minimum tax - Regular tax liability = $58,304 - $43,695 = $14,609

Therefore, Charlie's AMT is $14,609.

b. How much will he actually pay in tax for the current year?

Charlie will pay $58,304 for the current year since its tentative minimum tax is greater than his regular tax liability by $14,609.

You might be interested in
Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
erastovalidia [21]

Answer:

$8,400

Explanation:

total commission = $300,000 x 8% = $24,000

50% co-brokerage split = $24,000 x 50% = $12,000

Walt's commission = $12,000 x 70% = $8,400

the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

4 0
4 years ago
A formal rotational program makes talent assessment easier for all of the following reasons except:______ A. Change assignments
Rainbow [258]

Answer:

Short-term operational efficiency

Explanation:

A formal rotational program is when employees of a firm are rotated among the different departments in an organisation according to a schedule.

A disadvantage of this program is that the company only gets to observe employees for a short period of time. This time might not be sufficient to determine the talent of the employee in a department. Also, the employee might show efficiency in a particular department in the short term but if left for a longer period, the employee might in fact be inefficient in that department.

4 0
4 years ago
______ management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.
forsale [732]

Human resource management refers to the activities related to planning for, attracting, developing and retaining an effective workforce.

What are Human Resources?

Human Resources refers to the total sum of people that an organization will require in order to execute and attain it business strategies and objectives.

The Human Resources requirement for every organization is unique, but the principles of managing them are the same.

Human resource management (HRM) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. As a field, HRM has undergone many changes over the last twenty years, giving it an even more important role in today’s organizations. In the past, HRM meant processing payroll, sending birthday gifts to employees, arranging company outings, and making sure forms were filled out correctly—in other words, more of an administrative role rather than a strategic role crucial to the success of the organization.

Learn more about Human resource management :

brainly.com/question/21976973

#SPJ4

4 0
2 years ago
Cellestial Manufacturing Company produces Products A1, B2, C3, and D4 through a joint process. The joint costs amount to $200,00
marusya05 [52]

Answer:

$2,000

Explanation:

The computation of the profit in case of Product B processed further is shown below:

Sales value if processed further $35,000  

Less: Sales value at Split-Off $30,000  

Incremental revenue                 $5,000  

Less: Additional costs                 $3,000  

Incremental income                 $2,000  

First we have to find out the incremental revenue after that deduct the additional cost so that the incremental income or we can say profit could arrive

6 0
3 years ago
Why would multinationals be interested in setting up operations in mexico? give two reasons. would cultural differences be a maj
Darina [25.2K]
I would say that multinationals especially Canadian mining companies are anxious to set up operations in Mexico due to cheap labour, a government that favors foreign investment and rich mineral resources.
8 0
3 years ago
Other questions:
  • When the goods are sold, their costs are transferred from work in process to finished goods.
    7·1 answer
  • Art, Inc., has 5,000 shares of 4%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock out
    8·1 answer
  • All of the following are considered routine business messages except a. an all-staff memo that outlines the new procedures for p
    13·1 answer
  • Suppose a whale-watching trip in alaska costs orca-spotters tours $800 per run. each whale-watching trip can hold 25 tourists, m
    6·1 answer
  • Tough Jeans Company produces two different styles of jeans: Working Life and Social Life. The company sales budget estimates tha
    11·1 answer
  • When the interest rate on a bond is above the equilibrium interest rate, there is excess __________ in the bond market and the i
    8·1 answer
  • An important effect of agglomeration economies on real estate is its impact upon market risk. Based on your understanding of thi
    9·1 answer
  • Weather Watches, a watch manufacturing company, faces a lot of problems while planning and setting goals as its competitors’ tec
    5·1 answer
  • Rates for having a manuscript typed at a certain typing service are $5 per page for the first time a page is typed and $3 per pa
    5·1 answer
  • DASH Airlines is considering the addition of a flight from Red Cloud to David City. The total cost of the flight would be $1,100
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!