Answer:
$1,200,000
Explanation:
Estimated Letigation Expenses 4,000,000.00
Tax Rate 30%
Deferred Tax Assets 1,200,000.00
Estimated Litigation Expenses which is disallowed for tax purposes will be future deductible expenses when we will make the actual payment of the liability. So the Tax liability in the future year will decrease, so we will make the Deferred Tax Assets for this.
Therefore, The deferred tax liability to be recognized is 1,200,000
Answer:
Gross income=(1450-700)=$750
Explanation:
Gross income is the total earning before any taxes or deductions
In this case;
Gross income=Winnings-Losses
where;
Winnings=Slots+poker=(250+1200)=$1450
Losses=racetrack=$700
Replacing;
Gross income=(1450-700)=$750
Which of the following items determine your preference for a ticket
That statment is true
Telepresence is a tool that allow each team members to communicate with one another even though they're located far apart.
Actually, if this tool is used correctly, it enhance team's capability to pay attention to a certain individual when he/he is talking about their ideas for the group
