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
MAVERICK [17]
2 years ago
5

Lincoln Corporation, a U.S. corporation, owns 50% of the stock of a controlled foreign corporation (CFC). At the beginning of th

e year, Lincoln's basis in its CFC stock was $100,000. The CFC's current-year income was $1 million, $600,000 of which was subpart F income. The CFC has no global intangible low-taxed income, paid no foreign income tax and distributed no dividends. How much current taxable income must Lincoln report as a result of its ownership of the CFC
Business
1 answer:
Natali [406]2 years ago
7 0

Answer:

$300,000

Explanation:

Calculation to determine How much current taxable income must Lincoln report as a result of its ownership of the CFC

Using this formula

Taxable income=Subpart F income * Ownership percentage

Let plug in the formula

Taxable income=$600,000*50%

Taxable income=$300,000

Therefore The amount of current taxable income that Lincoln must report as a result of its ownership of the CFC is $300,000

You might be interested in
Resources are used efficiently in the sunhat market because when​ _______.    A. production is capital​ intensive, producer surp
Bad White [126]

Answer:

The correct answer is B

Explanation:

Resources are used efficiently in the sunhat market because when marginal social benefit equals marginal social cost, total surplus is maximized. Thus, From the given four options only the option B is the correct option.

MSC = Marginal Social cost

MSB = Marginal Social Benefit

It is becuase in the competitive market, the quantity that is supplied in the market in same to the quantity which is demanded.

6 0
3 years ago
Large plate in catering
Fynjy0 [20]
A service plate or a charger plate.
5 0
2 years ago
. Qiang, an Asian employee, working at Rapid Fire Inc., is terminated on the grounds that he is homosexual. He wants to file a d
erica [24]

Answer:

he was discriminated solely based on his sexual orientation.

Explanation:

The Title VII of the Civil Rights Act of 1964 stated that all employers in united states are prohibited to discriminate their employees based on race, religion, gender, national origin, and sexual orientation.

You do not need to be married for your sexual orientation to be acknowledged by the The Title VII of the Civil Rights Act of 1964  . You just need to proof that any of the factors above are the reason why you're discriminated against.

In Qiang case, he could tried to find witness by talking to other employees or find a recorded email/messages that indicates his boss mistreatment toward him. If there are enough employees who came out as witnesses, he could build a strong enough case to gain support in the court.

5 0
3 years ago
1
katen-ka-za [31]

Answer:

A

Explanation:

8 0
2 years ago
Foreign saving is used for domestic investment when foreigners engage in
dmitriy555 [2]

Foreign saving is used for domestic investment when foreigners engage in either foreign direct investment or foreign portfolio investment.

 

<span>To add, ‘Foreign savings’ and the ‘net external resources inflows’ are the two popular acronyms used for the current account deficit in the balance of payments.</span>

8 0
3 years ago
Other questions:
  • You are considering purchasing the Zions Bank $4.50 preferred stock. If you require a 4% return on this investment, what should
    5·1 answer
  • Carrie noticed at work that Chris and Bucky kept asking her advice on office procedures. Soon, she began to see herself as compe
    15·1 answer
  • Please help me,,, if someone can help me.. because this very difficult
    5·1 answer
  • Buying several different investment alternatives to spread the risk helps an investor
    9·1 answer
  • A​ monopolist's maximized rate of economic profits is ​$1500 per week. Its weekly output is 500 ​units, and at this output​ rate
    7·1 answer
  • Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and de
    8·2 answers
  • Sending employees on international assignments is an example of the _________approach to employee development. Group of answer c
    12·1 answer
  • IN planning a database and it's related tables it is important to consider
    9·1 answer
  • Green Corporation's assets are valued at $1,502,000 after payment of all corporate debts, except for $225,300 of taxes payable o
    14·1 answer
  • Blank______ levels of withdrawal behavior are closely correlated with a Blank______ degree of organizational commitment.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!