The expenses deductible for AGI are the cost of health insurance (not purchased through an exchange, the employer portion of self-employment tax paid.
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What is Tax?</u></h3>
- Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
- A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
- Non-compliance with the law includes failing to pay on time as well as evading or resisting taxation.
Taxes can be paid in cash or in the labor equivalent and can be either direct or indirect. The expenses deductible for AGI penalty on early withdrawal of funds from a certificate of deposit.
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Answer:
Diluted EPS = $3.0625
Explanation:
Earning per share (EPS) = earnings available to ordinary shareholders/ number of ordinary shares possible after conversion
Conversion of preferred stock into common stock
= 16,000
× 5 = 80,000
Number of ordinary shares = common stock + converted preferred stock
= 160000+ 80000 =240,000 units
$
Net Income 520,000
Preferred dividend (8%×100×16000) (<u>128000)
</u>
Earnings available to shareholders <u> 392000
</u>
Number of shares 240,000
Diluted Earnings per share
392,000/240,000= $3.0625
Diluted EPS = $3.0625
Answer:
$5,325
Explanation:
Disposable personal income is the income that remain after paying all personal taxes and purchase of final expenditure on goods and services.
Disposable personal Income = Personal Income of the consumers - Personal Taxes paid by the consumers
Disposable personal Income = $7,863 - $2,538
Disposable personal Income = $5,325
So, the disposable personal Income for the individual is $5,325.
These are all the answers to the test
1. Debt Collection
2. A nominal ledger
3. Investment
4. A trial balance
5. All of the above
6. Income Statement
7. Cash flow Statement
8. Snapshot
9. To show managers and investors whether the company made or lost money during the period being reported.
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