All categories

3 years ago

Taxable income of a corporation

Business

1 answer:

kobusy [5.1K]3 years ago

6 0

Answer:

Option b. Differs from accounting income due to differences in interperiod allocation and

permanent differences between the two methods of income determination.

Explanation:

Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.

A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.

You might be interested in

Rachel is working on a project that technically allows three activities to be done at the same time. if they were to be implemen

tester [92]

This is an example of a people constraint. A constraint is something that holds you back from completing something. In this scenario, there aren't enough people available to complete all of the projects Rachel is wanting to have completed so there is a people restraint with regards to completing activities.

6 0

3 years ago

Beth and Bob Martin have total take-home pay of $4,600 a month. Their monthly expenses total $3,450. Calculate the minimum amoun

blsea [12.9K]

Answer:$10,350

Explanation:

3,450* 3 (month minimum) = 10,350

6 0

2 years ago

Market size and growth of the total U.S. beer market was estimated to be around $106 billion. The total economic impact of the b

RUDIKE [14]

Answer:false

Explanation:

The current gdp of us is estimated to about $21427.1 billion.

So if beer market is estimated to be $106 billion, the percentage is ($106/$21427.1)*100

= 0.004947*100

=0.4947%

0.497% is not up to 2%

6 0

2 years ago

______has an absolute advantage in the production of alfalfa, and_______ has an absolute advantage in the production of barley.

AVprozaik [17]

Answer:

The person with Absolute advantage is the one that produces more of a good than the other.

Dina has an absolute advantage in the production of alfalfa, and Charles has an absolute advantage in the production of barley.

The person with Comparative Advantage is the person who produces something at a lower opportunity cost.

Charles Opportunity Costs

Producing Alfalfa gives 12 bushels per acre instead of 6 bushels for Barley.

Producing 1 Alfalfa means 6/12 = 0.5 bushels Barley is given up

Producing 1 bushel of Barley means 12/6 = 2 bushels Alfalfa is given up.

Dina Opportunity Costs

Producing Alfalfa gives 15 bushels per acre instead of 5 bushels for Barley.

Producing 1 Alfalfa means 5/15 = 0.33 bushels of Barley is given up

Producing 1 bushel of Barley means 15/5 = 3 bushels of Alfalfa is given up.

Charles's opportunity cost of producing 1 bushel of barley is 2 bushels of alfalfa, whereas Dina's opportunity cost of producing 1 bushel of barley is 3 bushels of alfalfa. Because Charles has lower a opportunity cost of producing barley than Dina, Charlie has a comparative advantage in the production of barley, and Dina has a comparative advantage in the production of alfalfa.

6 0

3 years ago

Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $49,000 cash to start the business and rec

Keith_Richards [23]

English please

Reason: thats too freaking much .

8 0

2 years ago