Answer:
b. $10,000 and $25,000
Explanation:
For computing the the book value of an asset
, first we have to determine the depreciation expense which is shown below"
So, under the straight-line method, the depreciation expense would be
= (Original cost - residual value) ÷ (useful life)
= ($45,000 - $5,000) ÷ (4 years)
= ($40,000) ÷ (4 years)
= $10,000
For two years, the depreciation would be
= $10,000 × 2 years
= $20,000
In this method, the depreciation is same for all the remaining useful life
Now the book value would be
= Acquired value of an asset - accumulated depreciation
= $45,000 - $20,000
= $25,000
The amount of net investment income tax that the taxpayer is required to pay is $231.
<h3 />
<h3>What is
net investment income tax?</h3>
Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.
Net investment income tax = ($6,150 - $75) * 3.8%
Net investment income tax = $6,050 * 3.8%
Net investment income tax = $231
In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.
Read more about income tax
<em>brainly.com/question/25257355</em>
<span>Benjamin Addai determined the following tax information: gross salary, $41,000; interest earned, $80; deductible IRA contribution, $1,075; personal exemption, $3,950; and itemized deductions, $6,200. Calculate Benjamin’s taxable income and tax liability filing single.</span>
Answer:
b. $7,000
Explanation:
Statement of Cash-flow from Financing activities
Particulars Amount
Issue common Stock $110,000
Dividend paid -$3,000
Retirement of bonds payable -<u>$100,000</u>
Net cash flow from financing activities <u>$7,000 </u>
