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katovenus [111]
3 years ago
6

LNS Corporation generated a minimum tax credit of $100,000 in 2017. LNS has a regular tax liability of $80,000 in 2018. How much

of the 2017 minimum tax credit is refundable to LNS in 2018?
Business
1 answer:
erik [133]3 years ago
5 0

Answer:

$10,000

Explanation:

Calculation for How much of the 2017 minimum tax credit is refundable to LNS in 2018

Refundable minimum tax credit=($100,000-$80,000)*50%

Refundable minimum tax credit=$20,000*50%

Refundable minimum tax credit=$10,000

Note that the 50% represent the refund of the minimum tax credit that is still remaining

Therefore How much of the 2017 minimum tax credit is refundable to LNS in 2018 will be $10,000

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A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e
lyudmila [28]

Answer:

Economic profit= $214,000

Explanation:

Giving the following information:

Business:

Units= 28,000 a month

Hours= 224 hours

Total cost= 150,000 a month

Selling price per unit= $15

Other work:

Income= $250 an hour

E<u>conomic profit includes the opportunity cost.</u>

Economic profit= 28,000*15 - 150,000 - 250*224

Economic profit= $214,000

5 0
4 years ago
Hummingbird Corporation, a closely held C corporation that is not a PSC, has $240,500 of net active income, $96,200 of portfolio
grin007 [14]

Answer:

$72,150

Explanation:

Calculation to determine Hummingbird’s taxable income for the year

Using this formula

Taxable income =Net active income +Portfolio income-Passive loss

Let plug in the formula

Taxable income=$240,500+$96,200-$264,550

Taxable income=$72,150

Therefore Hummingbird’s taxable income for the year is $72,150

4 0
3 years ago
If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a
marshall27 [118]

Answer:

2

Explanation:

8 0
3 years ago
The findings of a recent company survey at Rader Industries showed that employees are experiencing high levels of work stress. T
jenyasd209 [6]

Answer:

B) Employees' workload can be adjusted to accommodate their requests to go on leave.

E) Employees have been working on regular working days of the year

4 0
4 years ago
Crow manufacturers, inc. projected sales of 52,149 bicycles for 2012. the estimated january 1, 2012, inventory is 5,002 units, a
alexdok [17]
The projected sales ar 52,149 units of bikes for 2012. On hand at Jan 1, 2012 are 5002 units. So 52,149-5002= 47137+6831= 53,978 bikes to make in 2012 in other words, the net production to make the 52149 is 47137 plus the desired inventory at the end of 2012 totals the 53,978.
7 0
3 years ago
Read 2 more answers
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