Answer:
Taxable income = Gross income - Total operating expenses - Depreciation
= 500,000 - 400,000 - 60,000
= $40,000
Federal corporate income tax rate in 2017 was 35% so income taxes are;
= 40,000 * 35%
= $14,000
Answer
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
A thearter is kept open for an advertisement to allow people to view or have an idea of the movies to be shown in the evening.
<h3>What is a business strategy?</h3>
Business strategy is a list of actions and decisions made by a company or organization to reach its goals and objectives.
Opening theater in the afternoon is a business strategy and it is an approach to create awareness of what their programs will be.
Therefore, A theater is kept open for an advertisement to allow people to view or have an idea of the movies to be shown in the evening.
For more information on business strategy kindly check
brainly.com/question/24967768
The special tax was called J<span>izya.</span>
Answer:
A. The total cost of the equipment.
Explanation:
Even if Jambon has not used the equipment in 2005 because it can only be used for the product that is to be developed in five years, Jambon still had to pay for the full cost of the equipment.
Because the equipment is laying idle, it is not depreciating. Therefore, the expense that Jambon is not incurring, is the depreciation expense associated with this equipment. This depreciation expense will only be seen in five years, when the product it was bought for is finally completed.
