Answer:
interperiod
Explanation:
An interperiod tax allocation can be regarded as the temporary difference that exist between effects that a particular tax policy has on the financial reporting of particular business as well as its normal financial reporting set up
by an accounting framework, this accounting framework could be GAAP , IFRS or other body. Instance of this is that Internal Revenue Service could set up a particular depreciation period that should be used for a fixed asset, at the same time internal accounting policies of a business could come up that different number of periods should be used, At this periods of temporary difference is said to be an interperiod tax allocation.
A deferred tax asset can be regarded as item on the balance sheet which is there a results of overpayment or advance payment of taxes. A deferred tax asset could be also be one as a result of differences in tax rules as well as accounting rules
It should be noted that Recognizing deferred tax assets and liabilities is referred to as interperiod tax allocation.
Answer:
Here is what I found, I hope it helps
Explanation:
Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.
Answer: -hits him with a shoe-
Explanation:
Answer:
$32.00
Explanation:
Product cost under Absorption costing comprises of all manufacturing costs (variable and fixed). Non manufacturing costs are treated as Period costs
<u>Product Cost Calculation</u>
Direct materials $ 11
Direct labor $5
Variable manufacturing overhead $5
Fixed manufacturing overhead per year ($110,000/ 11,000) $10
Total $31
Conclusion
The unit product cost under absorption costing is closest to $31.00
Answer:
Initially the purchasing power of her $3000 deposit is 300 (3000/10) baseball caps.
Annual Inflation rate 0 %
Price of base ball cap $10
3000*1.05=3150
Purchasing power= 3150/10= 315 caps at 0 percent inflation
Annual Inflation rate 5 %
Price of baseball cap = 10*1.05= 10.5
Purchasing power = 3150/10.5
=300 caps at 5 percent inflation
Annual Inflation rate 8%
Price of baseball cap =10*1.08= 10.8
Purchasing power =3150/10.8
=291 caps at 8 percent inflation
Real interest rates
(1+nominal interest rate)= (1+inflation)(1+real interest rates)
Real rate at 0 percent inflation
1.05=1(1+R)
R=1.05-1
R=0.05= 5%
Real rate at 5 percent inflation
1.05=1.05*(1+r)
R=0%
Real rate at 8 percent inflation
1.05=1.08*(1+r)
=-0.02
=-2%
Explanation: