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VARVARA [1.3K]
3 years ago
5

Saginaw Steel Corporation has a precredit U.S. tax of $110,000 on $505,000 of taxable income. Saginaw has $205,000 of foreign so

urce taxable income and paid $65,000 of income taxes to the German government on this income. All of the foreign source income is treated as foreign branch income for foreign tax credit purposes. Saginaw's foreign tax credit on its tax return will be: (Do not round intermediate calculations. Round your answer to nearest whole dollar amount.)
Business
1 answer:
coldgirl [10]3 years ago
5 0

Answer: $44654

Explanation:

Based on the information given, the foreign tax credit will be allowed to the amount of the tax that is paid to foreign government which is $65000 which is then subject to the US tax limit that is applicable on that particular income which will be:

= 205000 × 110000/505000

= 44654

Therefore, the tax credit will be the one that's lesser between $65000 and $44654. Therefore the answer will be $44654.

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Rachel plans to set up a beautifully furnished office for her interior decorating business. she will describe it in her business
Aleksandr [31]
I encountered this question before but it had choices. These were the choices:

A. Current Trends.     
<span>B. Inventory.     
C. Processes
D.   Plant and Equipment.

Rachel will describe it in her business plan under the heading D. PLANT AND EQUIPMENT.

Since her business is interior decorating, she must have a beautifully furnished office to persuade her potential clients to hire her. Her office is her output. It will help her generate income. 

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8 0
3 years ago
Read 2 more answers
Marshall Company purchases a machine for $200,000. The machine has an estimated residual value of $80,000. The company expects t
Leya [2.2K]

Answer:

The depreciation expense for this period is: $13,200

Explanation:

The depreciation charge using units of production is calculated as follows :

Depreciation Expense = (Cost - Salvage Value) × (Period`s Production / Total Expected Production)

                                     = ($200,000 - $80,000) × 440,000 units / 4,000,000 units

                                     = $13,200

Conclusion:

The depreciation expense for this period is: $13,200

5 0
3 years ago
I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into
miss Akunina [59]

The full question reads;

Which legal school of thought is illustrated in this dialogue?

Alison: (She stands during David's speech as if inspired but sits down once Bob starts talking.)

Bob: Right. Power to the people David. Anyone else hungry? (He tries to slowly move to the donuts and Joyce continues to defend them like a point guard.)

Lee: I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into teams and sell them to our coworkers for a profit? Instead of getting one or two donuts, we can stop on our way home and pick up a dozen of them each with our profits. In this case, we ignore the company stick-in-the-mud book regulations because, as you can see, we are obviously presented with some opportunities for a little economic development. Corporate rules here must bow to economic opportunity. If we let our rules block our prosperity, what kind of company will we become?

OPTIONS:

• Legal realism school of thought.

• Law and economics school of thought.

• Sociological school of thought.

• Command school of thought.

<u>Answer:</u>

<u>Legal realism school of thought.</u>

Explanation:

Notice Lee's statement "we ignore the company stick-in-the-mud book regulations...Corporate rules here must bow to economic opportunity. If we let our rules block our prosperity, what kind of company will we become".

Interestingly, the legal realism school of thought looks at how laws (or as in this case corporate rules) should be understood and applied. So, in a sense, Lee has his own perception of the importance of the organization's rules.

8 0
3 years ago
Suzie Smith is a real estate sales associate. She is a top producer and likes to maintain her independence. She sets up her offi
Tems11 [23]

Answer:

No

Explanation:

Suzie's situation isn't workable because she is meant to be under the direct supervision of her broker no matter what her personal preference for independence.  

This is because should anything go wrong in any of her dealings, the brokers's license will be revoked. This means that the broker is directly responsible and accountable for her actions and as such must ensure that she is present at the office at all times.

Cheers.

8 0
3 years ago
If the demand for and supply of a good both increase, but demand increases by more than supply, price will:
enyata [817]
The price will rise because the manufacturer a cannot meet the demand so it will be harder to get the product
3 0
3 years ago
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