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
cricket20 [7]
3 years ago
5

When an employee/shareholder receives a business incoLogan, a 50-percent shareholder in Military Gear Incorporated (MG), is comp

aring the tax consequences of losses from C corporations with losses from S corporations. Assume MG has a $111,000 tax loss for the year, Logan's tax basis in his MG stock was $155,500 at the beginning of the year, and he received $80,500 ordinary income from other sources during the year. Assuming Logan's marginal tax rate is 24 percent, how much more tax will Logan pay currently if MG is a C corporation compte allocation from an S corporation, what taxes apply to the business income allocation
Business
1 answer:
Delicious77 [7]3 years ago
5 0

Answer:

$1346.78688588627862

You might be interested in
Which of the following represents an increase in living standards over the past century? Check all that apply. Increased human a
pashok25 [27]

Answer:

Medical breakthroughs enable people to enjoy better healthcare nowadays.

Explanation:

An increase in living standard means that the lives of people are better off.

Advances in medicine have made it possible to find cure to various diseases. This improves standard of living.

Increased pollution of air and water and decline of dollar value have negative effects on living standard.

Pollution affects human health negatively and can cause diseases which negatively affect standard of living. Also, pollution can cause floods and other environmental disasters. Floods can displace people from their homes and this affects standard of living negatively.

Decrease in dollar value has made items more expensive.

I hope my answer helps you

7 0
3 years ago
Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instanc
scoray [572]

The service or tool that could be used for gaining the benefits should be AWS  Orgs.

The information related to AWS Orgs is as follows:

  • AWS Organization should be an account management service.
  • In this, there are multiple AWS accounts that should be consolidated for developing and managing.
  • As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.

Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS  Orgs.

Learn more about discounts here: brainly.com/question/3541148

3 0
3 years ago
The most effective approach to redecorating your clients rooms is to
Zielflug [23.3K]
You should always decorate around your clients needs and wants. The client is the most important. 
6 0
3 years ago
Read 2 more answers
Which of the following is not an example of how Irish immigrants were eventually accepted in the U.S.?
Alla [95]
If you give options I can help you with it
5 0
3 years ago
Read 2 more answers
Thomas Martin receives an hourly wage rate of $40, with time and a half for all hours worked in excess of 40 hours during a week
Svetllana [295]

Answer:

$2,080

Explanation:

Earnings at regular rate (40 x 40) $1,600

Earnings at overtime rate

( 8(40 x 1.5))

=8×60

= $480

Hence:

$1,600 + $480 = $2,080

Therefore the gross pay for Martin will be $2,080

8 0
2 years ago
Other questions:
  • A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage
    5·1 answer
  • Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the ________________ to the financi
    5·1 answer
  • The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately $50,000. Using a discoun
    5·1 answer
  • The JCM contends that these dimensions are required for a high level of motivation among workers.
    12·1 answer
  • Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to be $800,000 and $500,000, res
    5·1 answer
  • Consider the following transactions for Huskies Insurance Company:
    8·1 answer
  • Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
    11·1 answer
  • How do you redeem a <br> lottery tickets
    6·1 answer
  • Johan is a 25-year-old, single taxpayer with modified adjusted gross income of $18,500. During Tax Year 2020, he made a $2,000 c
    15·1 answer
  • Beverly, a real estate licensee, doesn’t represent either party to a specific real estate transaction. She merely helps the part
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!