Answer:
b)
i) Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.
Total Income = Taxable income + Non-taxable income
= $50000 + $30000
= $80000
ii) Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.
= ($80000/$50000)*8000
=$12800
iii) Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.
= $30000 - ($12800-8000)
= $25200
Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.
Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.
Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.
Place that number on Schedule B, line 2.
Explanation:
Answer:
Economic profit= $25,000
Explanation:
Giving the following information:
Last year he earned $200,000 in total revenues and paid $125,000 to his employees and suppliers.
Job offer= $50,000 per year
The economic profit takes into account the opportunity cost of other options.
Economic profit= 200,000 - 125,000 - 50,000
Economic profit= $25,000
Being laid off is when the company is goes through financial struggles so they have to chose people to cut off, being fired is when you did something wrong so they fire you.
B. The method of charging their clients
Is is responsible and ethical to make money off your clients even if their investments that you are responsible for are not doing well and are losing money?
Explanation:
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