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k0ka [10]
3 years ago
10

Robin is granted 1,500 shares of restricted stock from her employer when the stock is trading at a fair market value of $25 per

share. She is anticipating significant appreciation and wishes to minimize her future tax burden. As a result, she makes a Section 83(b) election. Assuming she is in the 35% marginal income tax bracket, how much income tax that will be due on this transaction in the year of election
Business
1 answer:
bija089 [108]3 years ago
7 0

Answer: $13125

Explanation:

Firstly, we should note that in section 83(B), tax is being paid based on the stock's fair market value. Therefore, the income tax that will be due on this transaction in the year of election will be:

= Number of shares × Price × Tax rate

= 1500 × $25 × 35%

= 1500 × $25 × 0.35

= $13125

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yas I will vote him!

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2 years ago
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Russell Co. reports sales revenue of $30,600 and interest revenue of $5,600. Its comparative balance sheet shows that accounts r
Goryan [66]

Answer:

Cash provided by operating activities $39,650

Explanation:

The computation of the cash provided by operating activities under the direct method is as follows:

Sales Revenue     $30,600

Decrease in Account Receivable $4,600

Interest Revenue $5,600

Increase in Interest Receivable - $1,150

Cash provided by operating activities $39,650

We simply applied the above sequence so that the correct value could come

And, the same is to be considered

6 0
2 years ago
Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland,
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The Anaheim park was an <u>instant success</u>, which Walt Disney Company replicated in Florida and Tokyo but failed to export to Paris, France.

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Despite the envisaged 30,000 jobs that Disney Paris was to create and the demographic centrality of Paris in Europe, the diversification in Europe flopped.

Thus, Disney's misadventure in Europe became a short-lived and disastrous dream for the Walt Disney Company because of cultural misunderstanding.

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8 0
2 years ago
Prompt What is market information?
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The analysis of past sales and interpretation of cost information are important in evaluating performance and providing useful facts for future planning. All these activities rely on marketing information and a rigorous marketing research process to produce insights managers can trust and act on.
5 0
3 years ago
A customer paid $250 using a check for purchases made in the first week of January. The bank statement received at the end of th
vodka [1.7K]

Answer:

Credit to cash for 250

Explanation:

As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.

And, in the bank statement it is shown that it was a NSF check.

Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled

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2 years ago
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