Answer:
Purple Corporation's after-tax income is $158,000 and Kirsten's after tax income is $136,100.
Explanation:
some information was missing, so I looked it up:
- Purple Corporation's income = $200,000
- corporate tax rate = 21%
- Kristen claims standard deduction $12,000
Purple's corporate tax liability = $200,000 x 21% = $42,000
Purple's after tax income = ($200,000 - $42,000) = $158,000
Since Kristen's taxable income is $146,000 (qualified dividends are included in AGI but taxed at different rate), her tax rate will be 15%. Kristen's after tax income = $$158,000 - (146,000 x 15%) = $136,100
Based on the base year used by Cruzville economists to calculate inflation, the following at the CPIs:
- 2013 = 100
- 2014 = 112
- 2015 = 130
<h3>What is the CPI over the years?</h3>
As 2013 is the base year, the CPI will be 100 because all base years are 100 for CPI purposes.
The CPI in 2014 is:
= 112
This is due to an inflation rate of 12%.
An inflation rate of 16.1% is the reason why the CPI in 2015 is 130.
Find out more on CPI at brainly.com/question/1889164.
#SPJ1
Answer:
Make them move to a different state.
Fire them.
Answer:
as a footnote in financial statements or on the balance sheet
Explanation:
A loss contingency can be defined as the situation or occurrence in which there is uncertainty about an entity but that will be resolved when a/some future situation occurs or not.
Simply put, a loss contingency can be said to be loss of an entity that can be resolved later in future by the occurrence or not of an event.
When a loss can be reasonably estimated as seen from the question, it should be written as a footnote on a financial statement or on a balance sheet.
cheers.
