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Nat2105 [25]
3 years ago
12

Regina Corp. is a property and casualty insurance company in its third year of operations and has a net loss of $100,000. Regina

had taxable income of $10,000 and $30,000 in its first and second year of operations, respectively. Regina expects to be profitable within the next year. Regina is allowed to carry back the net operating loss to previous years. The enacted income tax rate is 40%. The income tax benefit from the NOL carryforward shown on Regina's income statement in the year of the loss is
Business
1 answer:
sergejj [24]3 years ago
6 0

Answer:

$24,000

Explanation:

Total Taxable income of first and second year = $10,000 + $30,000 = $40,000

Net loss in 3rd year = $100,000  

Net Operating loss carry back = Regina Taxable income Total of first and second year of operations

Net Operating loss carry back = $40,000

Net Operating loss Carry forwards = Net loss - Net Operating loss carry back

Net Operating loss carry forward = $100,000 - $40,000

Net Operating loss carry forward = $60,000

Income tax rate = 40%

Income tax benefit from the Net Operating loss carry forward = Net Operating loss carry forward * Income tax rate

Income tax benefit from the Net Operating loss carry forward = $60,000 * 40%  

Income tax benefit from the Net Operating loss carry forward = $24,000 .

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Answer:

Legitimate power.

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The leader gives instructions based on his official office or title in the organisation.

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3 years ago
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alexandr402 [8]

Answer:

a motion for summary judgement.

Explanation:

According to my research on different legal proceedings , I can say that based on the information provided within the question this is a motion for summary judgement. This term refers to a request for the court to rule that the other party has no case, because there are no facts at issue. Which applies to this situation because Turista Airlines is not presenting any facts, yet they are arguing the case based on those non-existent facts.

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7 0
3 years ago
Sophie made pies and sold them from her food trailer at businesses. This is an example of a(n)A. direct marketing channel.B. dis
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Letter A is correct.<u> Direct marketing channel.</u>

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A distribution channel is the most effective way a company decides to get its products to the end consumer at the right place at the right time. Intermediaries or business chains can be used to get the good to the customer. Some examples of distribution channels are: manufacturer, internet, retailers and shipping centers. Distribution channels can be direct or indirect.

In the case of the above question, Sophie's sales occurred through a direct distribution marketing channel, because this is configured as the one where the consumer can purchase the product or service direct from the manufacturer, there are no intermediaries for the product to reach the final customer. And proper transportation or logistics teams are also used to effectively deliver directly.

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3 years ago
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decline stage

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a mortgage professional can use any of the following techniques to detect fraudulent documents, except:
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A mortgage professional can use any of the following techniques to detect fraudulent documents, except requiring that consumers provide only notarized supporting documentation.

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A mortgage broker collaborates with all parties involved in the loan process, including the real estate agent, underwriter, and closing agent, to ensure that a borrower receives the best financing and that the loan closes on schedule.

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