➡️ If you choose to take the foreign tax credit, and the taxes paid or accrued✔️
➡️Use the rate of exchange in effect on the date you paid the foreign taxes to the ✔️
➡️For this purpose, withholding tax includes any tax determined on a gross basis.✔️
➡️Need to know how to qualify for Foreign Tax Credit and avoid double taxation✔️
➡️high tax foreign countries, it may be preferable to use the Foreign Tax Credit alone.✔️
➡️ and excess profits taxes paid or accrued during your tax year to any foreign ✔️
Answer:
The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.
Explanation:
Financial institutions is a company or a firm that deals with financial and monetary activities such as; loans, deposits, investments and currency exchange. Most financial transactions especially loans and savings usually have an interest rate that is set by the financial institution. The amount of interest can be paid by the borrower in a case where an individual takes a loan from the financial institution. Interest can also be paid by the financial institution in a case where the individual or group opens a savings account with the financial institution. In both cases, the interest rate is set by the financial institution. The amount of interest payable can be determined using the formula below;
A=PRT
where;
A=amount of interest payable
P=principle amount. The principal amount can either be the loan amount or the savings deposit amount
R=interest rate
T=number of years
The interest payable is calculated based on the principal, interest rate, number of years of the loan or of the deposit.
Answer:
Production for the third quarter 159,500
Explanation:
Sales for the period 161,000
Desired ending inventory 4,600
Total production needs 165,600
Beginning Inventory (6,100)
Production for the third quarter 159,500
The sales for the period and the desired ending inventory are the total units we need for the quarted.
the beginning inventory reduces the production because are units we already have
Answer:
John is correct but Lynn isn't
Explanation:
John is correct because he left his coat with the coatroom attendant under the premise that it would be properly looked after and returned to him when he was done having lunch at the restaurant. However, Lynn just left her coat lying around under no ones care or supervision, there wasn't a predetermined agreement that anyone would be responsible for watching it on her behalf, therefore I don't think she is has the right to sue.