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
icang [17]
3 years ago
11

Assume that Clampett, Incorporated, has $200,000 of sales, $150,000 of cost of goods sold, $60,000 of interest income, and $40,0

00 of dividends. Assume that Clampett, Incorporated, never operated as a C corporation and that the corporate tax rate is 21 percent. What is Clampett, Incorporated's excess net passive income tax
Business
1 answer:
liubo4ka [24]3 years ago
4 0

Answer:

$21,000

Explanation:

Calculation to determine Clampett, Incorporated's excess net passive income tax

Using this formula

Excess net passive income tax = ( Interest income + Dividends ) × Tax rate

Let plug in the formula

Excess net passive income tax = ( $60,000 + $40,000 ) × 0.21

Excess net passive income tax = $21,000

Therefore Clampett, Incorporated's excess net passive income tax will be $21,000

You might be interested in
Fill in each blank with the correct number from the table.
klasskru [66]

Opportunity costs are the measures of things you must give up when you make a certain decision.

In this case, if country A decides to produce all petroleum, they are choosing not to produce 8 units of seafood. This is their opportunity costs because they are giving up the 8 units of seafood to make petroleum.

The same is true for country B. If they choose petroleum, they are giving up the ability to make 8 units of seafood.

3 0
3 years ago
Read 2 more answers
The Federal Reserve manages the nation’s currency and money supply by manipulating interest rates and acting as a lender to bank
Tomtit [17]

Answer: Setting interest rates and acting as a lender to banks

Explanation: The Fed or the Federal reserve is a central banking authority in any nation. It is responsible for maintaining the money supply in the economy. Some of the functions performed by the central bank are,

a. Setting interest rates and acting as a lender to banks

b. Print currency notes and coins

c. Setting the repo and the reverse repo rates

d. Clearing inter bank payments.

Therefore, the correct option is Setting interest rates and acting as a lender to banks.

5 0
4 years ago
Read 2 more answers
"Priya is sitting at her desk. On her computer screen are several documents for a project that she is supposed to have finished
ELEN [110]

Answer:

d

Explanation:

Daydreaming is when a person is conscious (awake) and begins imaginative thinking or wishful thinking. Daydreaming usually occurs when a person is bored or performing a task.

While Priya was at work she was thinking about a party. Thus she was daydreaming

Satisficing is when a person does the minimum necessary to attain a goal

Moonlighting is when a person has a second job which is usually done at night which is in addition to ones regular job

8 0
3 years ago
In about 2003, day spas, chain whitening franchises, and other businesses began to offer teeth whitening. Dentists began complai
DochEvi [55]

Answer: D

By the way, option C is equal to option B because there's no new information in C

Explanation:

This is business. Looking at the agitation of the Dentists and the Dental board, you can see that if the dentists didn't speak up they would have less number of patients or clients once the other business start offering teeth whitening services to people.

Dentists are medical practitioners, yes, but they earn from treating people with teeth problems or issues.

Statement D hence portrays the mindset of the dentists and the dental board

8 0
3 years ago
Which of the following statements is CORRECT? a. Other things held constant, an increase in the debt ratio will result in an inc
fiasKO [112]

Answer:

E. Suppose a firm's total assets turnover ratio falls from 10% to 9%, but at the same time its profit margin rises from 9% to 10% and its debt increases from 40% of total assets to 60%. Under these conditions, the ROE will increase.

3 0
3 years ago
Other questions:
  • Sally runs a hair styling salon. sally is a profit-maximizing owner whose firm operates in a competitive market. the marginal co
    7·1 answer
  • The fed can increase the federal funds rate by
    7·1 answer
  • Where is poseidon when the gods at council decide to help odysseus to return home?
    6·1 answer
  • If D1 = $1.25, g (which is constant) = 5.5%, and P0 = $40, what is the stock's expected total return for the coming year?
    10·1 answer
  • A friend of yours has been thinking about quitting her regular day job and going into business for herself. She currently makes
    9·1 answer
  • Consider the case of another company. Turnkey printing is evaluating two mutually exvlusive projects. They both require $1 milli
    14·1 answer
  • Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine ov
    11·1 answer
  • Avicorp has a $11.2 million debt issue outstanding, with a 5.8% coupon rate. The debt has semi-annual coupons, the next coupon i
    6·1 answer
  • On December 31, 2020, Heffner Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $100 par, cumulati
    11·1 answer
  • What are the shortcomings or national incom acconting system?​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!