The minimum amount of money you may have in an account for said account to be, and stay opened.
Answer:
<em>Licensing </em>
Explanation:
Licensing <em>is a business agreement whereby one company gives authorization to another company to produce its product for a defined fee.</em>
Licensing allows you to immediately tap current manufacturing, marketing and distribution systems which may have been built by other companies for decades.
Answer: $40,000
Explanation:
As this is a manufacturing company, they are exempt of Accumulated earnings tax of the amount of $250,000. Anything above that will be subject to an Accumulated Earnings tax rate of 20%.
Accumulated Earnings tax = 20% * (450,000 - 250,000)
Accumulated Earnings tax = 20% * 200,000
Accumulated Earnings tax = $40,000
