550 word essay about how poor decision choices have an effect on your future

Business

1 answer:

Tpy6a [65]4 years ago

5 0

Give me some time and I'll get right to it. I'm currently in school so please be patient with me. :))

You might be interested in

Diddle Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31

Travka [436]

Answer:

The correct answer is b) $ 244,800.

Explanation:

Income tax is charged on taxable income. Book income is not relevant when calculating tax liability. However book income can be used as based when determining the tax liability. In other some deduction and addition as per relevant law in book income is require to be made in book income is order to arrive at taxable income.

However in question effective rate is given and book income is also there. Effective rate is rate is rate applied on book or accounting income in order to arrive at current income tax provision. For calculation please refer to below calculations.

Didde Corp. prepared the following reconciliation of income per books with income per tax return forthe year ended December 31, 2011:

Book income before income taxes $ 1,200,000

Add temporary difference

Construction contract revenue which

will reverse in 2012 $ 160,000

Deduct temporary difference depreciation

expense which will reverse in equal amounts

in each of the next four years $ (640,000)

Taxable income $ 720,000

Income tax Provision = (1,200,000 * 34) $ 408,000

7 0

4 years ago

Brad and Angie are married and file a joint return. For year 14, they had income from wages in the amount of $100,000 and had th

Leona [35]

Answer:

The amount of capital loss carryover to year 15 is 152,000

Explanation:

The working is attached with the answer please find the attached file.

The following losses cannot be claimed or considered

Loss on sale of stock purchased in March year 14, sold on October 10, year 14, and repurchased on November 2, year 14
Loss on the sale of their personal automobile