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Juliette [100K]
3 years ago
10

North Inc. is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the follow

ing bonuses for certain employees for financial accounting purposes.
$7,500 for Lisa Tanaka, a 30 percent shareholder.
$10,000 for Jared Zabaski, a 35 percent shareholder.
$12,500 for Helen Talanian, a 20 percent shareholder.
$5,000 for Steve Nielson, a 0 percent shareholder.

Unless stated otherwise, assume these shareholders are unrelated.

How much of the accrued bonuses can North Inc. deduct in year 1 under the following alternative scenarios?
a. North paid the bonuses to the employees on March 1 of year 2.
b. North paid the bonuses to the employees on April 1 of year 2.
c. North paid the bonuses to employees on March 1 of year 2 and Lisa and Jared are related to each other, so they are treated as owning each other's stock in North.
d. North paid the bonuses to employees on March 1 of year 2 and Lisa and Helen are related to each other, so they are treated as owning each other's stock in North.
Business
1 answer:
kvv77 [185]3 years ago
6 0

Answer:

;l'l;';l/

Explanation:l;';l'l;'

fdgbfv bhj,/..,iuxklmn jk

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Prizes and toys in a cereal box as rewards for purchasing the cereal are examples of _____.
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Which of the following is not a tool of Monetary Policy?
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Where would period costs be found on the financial​ statements?A. As operating expenses on the income statement in the period in
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The cost of renting a room at a hotel is, say $100.00 per night. For special occasions, such as a wedding or conference, the hot
Serggg [28]

Answer:

//Room rent

#include<iostream>

using namespace std;

int main()

{

double rent, sales, dis = 0;

int num, days;

double room_rent, total_rent,sales_tax;

cout<<"Enter the rent of one room: ";

cin>>rent;

cout<<"Enter the number of rooms to be booked: ";

cin>>num;

cout<<"Enter the number of days for which rooms need to be booked: ";

cin>>days;

cout<<"Enter the sales tax (in %): ";

cin>>sales;

if(num>=30)

dis = 0.3;

else if(num>=20)

dis = 0.2;

else if(num>=10)

dis = 0.1;

if(days>=3)

dis += 0.05;

total_rent = rent*num*days*(1-dis);

room_rent = total_rent/num;

cout<<"The cost of renting one room is "<<room_rent<<endl;

cout<<"The discount given is "<<100*dis<< "%.\n";

cout<<"The number of rooms booked is "<<num<<endl;

cout<<"The number of days rooms booked is "<<days<<endl;

cout<<"Total cost of the rooms = "<<total_rent<<endl;

sales_tax = (sales*total_rent)/100;

cout<<"Sales tax = "<<sales_tax<<endl;

cout<<"Total bill = "<<total_rent + sales_tax<<endl;

return 0;

}//end of main function

Explanation:

3 0
3 years ago
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