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Alborosie
3 years ago
12

pJimmy is a client of yours and he has some holdings in U.S. T-Bonds. Over the past year, he received $500 in interest from thes

e bonds. His accountant has informed him that he is in the 28% tax bracket with all sources of income considered. He lives in the State of California, so his State Income Tax Rate is 9%. What kind of tax liability is Jimmy looking at in relation to the interest received from his U.S. T-Bonds
Business
1 answer:
Firdavs [7]3 years ago
5 0

Answer:

Jimmy must pay federal income taxes for the $500 earned in dividends during last year = $500 x 28% = $140

Since interest earned on federal securities are not taxed by state or local governments, there is no state tax liability.

Jimmy's total taxes due from dividends earned = $140

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Rainbow Co. began operations in 2019 and reported $600,000 in income before income taxes for the year. Rainbow’s 2019 tax deprec
cricket20 [7]

Answer:

30.000

Explanation:

Income before taxes  $300,000

Timing difference between books and Tax (A) $100,000

Permanent difference cannot be considered for calculation of Differed tax liability or Deferred tax asset $40,000 (B)  is zero

Total Timing deference (C=A+B)  $100,000

Tax rate enacted for future (D)  30%

<h2>Differed tax liability (C*D)  $30,000 </h2>

<h2></h2>

4 0
3 years ago
While Minimotors has focused on improving production efficiencies, global customers are inquiring about its environmental polici
8_murik_8 [283]

Answer:

The correct answer is letter "B": ISO 14000.

Explanation:

ISO (International Organization for Standardization) 14000 refers to a series of norms in regards to environmental systems management that are related to<em> protection, prevention, pollution, </em>and <em>socio-economic needs</em>. ISO 14000 attempts ton find a balance between economic savings and the decrease of environmental damage.  

Institutions ISO 14000 certified have proven to handle businesses keeping a strong environmental policy. In such a scenario, <em>the engineers investigating Minimotors should review the criteria evaluated at the moment of providing that company the ISO 14000 certification and if they have been following it.</em>

7 0
3 years ago
the financial meltdown of 2008 was in part due to , demonstrating the dangers of relying too heavily on the quantitative techniq
Aleks [24]

The financial meltdown of 2008 was in part due to <u>quants </u>demonstrating the dangers of relying too heavily on the quantitative techniques of scientific management.

<h3>How did the financial meltdown of 2008 happen?</h3>

There were several reasons for the financial meltdown that the United States saw in 2008 and one of them was the overreliance on Quants.

Quants were quantitative models that were used to decide on the financial assets to invest in. They failed to predict the risks associated with Mortgage Backed Securities and this contributed in part to the meltdown.

Find out more on the financial meltdown of 2008 at brainly.com/question/25664180

#SPJ1

3 0
2 years ago
Jeff jones earns $1,200 per week. he is married and claims four withholding allowances. the social security rate is 6.2% on $118
myrzilka [38]
<span>Answer: Gross Pay: $1200 Less Health Ins: (42.50) Taxable Pay: 1157.50 SS Tax: 71.77 (1157.50 *.062) Medicare Tax: 16.78 (1157.50 *.0145) FIT: 91.79 Net Pay: 977.17 FIT calcualted as follows: Taxable less allowances (1157.50 less (71.15*4) = 872.9 (872.9 * .15)-39.15 = 91.79</span>
4 0
3 years ago
If fixed costs are $1,200,000, the unit selling price is $240, and the unit variable costs are $110, what is the amount of sales
Lady bird [3.3K]

Answer: The amount of sales required to realize an operating income of $200 000 is a. 10,769 units.

Explanation: We can solve it with a simple equation:

200 000 = 240x - 1 200 000 - 110x

200 000 + 1 200 000 = 240x - 110x

1 400 000 = 130x

1 400 000 / 130 = x

10769, 23077 = x

We check: 240 . 10769,23077 - 1 200 000 - 110 . 10769,23077  = 200000 √

5 0
3 years ago
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