1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dimas [21]
3 years ago
5

During the current year, Corporation G received $30,000 in dividends from a 60%-owned taxable domestic corporation. G received n

o other dividends. G's charitable contributions for the year totaled $15,000. G's taxable income for the year was $70,000 after the dividends-received deduction but before the deduction for charitable contributions. What is the amount of Corporation G's charitable contribution deduction for the year
Business
1 answer:
Leni [432]3 years ago
7 0

Answer: 8,950 hope this helps can you plz tell me if it wong so i  can se what i did wong

Explanation:

You might be interested in
Which form do businesses use to determine the number of deductions for an
riadik2000 [5.3K]

Answer:

C. W-4

Explanation:

The W-4 form acts as the Employee’s Withholding Allowance Certificate. The employee completes the form and hands it over to the employer, who uses it to calculate how much income tax to withhold.

The details on the W-4 forms are necessary for tax computation. For instance, the employee declares their marital status and the number of dependents; this determines the applicable tax rates.

6 0
2 years ago
Read 2 more answers
Myers Company acquired a 60% interest in Gannon Corporation on December 31, 2020 for $1,775,000. During 2021, Gannon had net inc
miskamm [114]

Answer:

The answer is $2,225,000

Explanation:

Cost of acquisition is $1,775,000

Meyer company's share of net income in Gannon corporation:

60% of $1,000,000

0.6 x $1,000,000

= $600,000

Meyer company's share from cash dividend in Gannon corporation

60% of $250,000

0.6 x $250,000

= $150,000

The balance in the equity investment account at December 31, 2021 should be:

$1,775,000 + $600,000 – $150,000

= $2,225,000

6 0
2 years ago
Think about the differences in the two stories about the
Marrrta [24]

Answer:

How does the photo appeal to emotions?

Its shows a worried mother with her children

Why would Lange make up the story of the photo?

Her job was to show suffering

Explanation:

This is the answer for edg2020

8 0
3 years ago
Read 2 more answers
In 2018, Gail had a § 179 deduction carryover of $30,000. In 2019, she elected § 179 for an asset acquired at a cost of $115,000
Colt1911 [192]

Answer:

The answer is: Gail's § 179 deduction for 2019 is $145,000

Explanation:

§ 179 of the IRS Code, allows taxpayer to either:

  • deduct the cost of certain types of property from gross income taxes as an expense
  • allow the cost of the property to be capitalized and depreciated.

If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000

8 0
3 years ago
Total expected units produced 6,000 3,000 Total expected material moves 500 100 Expected direct labor-hours per unit 6 9 The tot
andrezito [222]

The total materials handling cost allocated to the wall mirrors is closest to: $5,103.

<h3>Total materials handling cost: </h3>

First step is to calculate the total expected material moves:

Total expected material moves= 500+100

Total expected material moves= 600

Second step is to calculate  the total material handling cost allocated to  wall mirrors:

Total material handling cost allocated to  wall mirrors=$6,123.60× (500 /600)

Total material handling cost allocated to  wall mirrors=$5,103

Inconclusion the total materials handling cost allocated to the wall mirrors is closest to: $5,103.

Learn more about total materials handling cost here:brainly.com/question/25790358

4 0
2 years ago
Other questions:
  • ____ is not a characteristic common to all organizations. Select one: a. Equal authority and responsibility b. Common goal or pu
    5·1 answer
  • Jami is managing an extended advertising campaign for a local convenience store chain. The campaign includes a series of televis
    5·1 answer
  • Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
    6·2 answers
  • When you take out a mortgage your home becomes the collateral. True or Fals
    6·1 answer
  • Seasonal unemployment is : A. due to the fact that workers must search for appropriate job offers. B. a result of a poor match o
    8·1 answer
  • Many people think that marketing and advertising are one and the same. While advertising is indeed part of marketing, it is only
    14·1 answer
  • What are The two segments of the organization's environment
    13·1 answer
  • Firm X has total earnings of $49,000, a market value per share of $64, a book value per share of $38, and has 25,000 shares outs
    13·1 answer
  • Frankie's Chocolate Co. reports the following information from its sales budget:
    8·1 answer
  • Credit score is used to determine your financial worth ?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!