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Harlamova29_29 [7]
3 years ago
8

In 2019, Pine Corporation had losses of $20,000 from operations. It received $180,000 in dividends from a 25%-owned domestic cor

poration. Pine’s taxable income is $160,000 before the dividends-received deduction. What is the amount of Pine’s dividends-received deduction?
Business
1 answer:
zubka84 [21]3 years ago
7 0

Answer:

Consider the following calculations

Explanation:

Net income per books   $65,000

Add back:

Federal income taxes     9,700

Excess contributions       3,000

Life insurance premiums 10,000

$87,700

Subtract:

Tax-exempt interest       (1,500)

Excess depreciation       (4,500)

Taxable income                         $81,700

Dividend received deduction = 160000 x 80% = 128000 (full DRD doesn't create loss).

DRD will be 80% of taxable inome because percent partnership is 25% which is between 20 to 80%.

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The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
serious [3.7K]

Answer:

See below

Explanation:

According to the information above, there would be no sales if TAM is discontinued as there would be no cost traced to it safe for $145,000 for fixed manufacturing overhead.

We already know that the net operating loss was $55,000 the fixed manufacturing overhead of $145,000 would further increase the loss by $90,000

5 0
3 years ago
Thomas was thinking about the car he wants to buy in a few years. He does not know what he should do now so that he can buy the
Otrada [13]

Thomas needs to think what it is he needs to buy the car.  That is cash (money).  What does he need to do to get money? He needs a job.  Once he has a job and starts getting paid, he needs to SAVE the amount required for the down payment, unless he has the money to buy it cash! Meaning he can pay it in full.  If he is only paying for the down payment, then he needs to make sure he has good credit to qualify for a loan on the remaining balance.


All in all he needs a plan!

4 0
3 years ago
You want to make sure your account reflects the spending you’ve actually done, so you pull receipts out of your clothes pockets
erica [24]

Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.

From the complete information, it should be noted that there are bank charges that are charged by the banks.  In this case, the account may not reflect the spending that has actually been done.

Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.

Read related link on:

brainly.com/question/25675366

3 0
2 years ago
Anderson Manufacturing​ Co., a small fabricator of​ plastics, needs to purchase an extrusion molding machine for ​$180 comma 000
vlabodo [156]

Answer:

1st     46,398.83

2nd    49,646.74

3rd      53,122.02

4th      56,840.56

5th       60,819.40

Explanation:

given a growing annuity we have to solve for the installement

FV = \frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}

FV = PV (1+r)^5 = 180,000 x 1.14^5 =  346,574.62  

grow rate 0.07

interest rate 0.14

n = time     5

346,574.62 = C  \times \frac{1-(1+0.07)^{5}\times (1+0.14)^{-5} }{0.14 - 0.07}

C = 46398.8284

Now, to determiante the subsequent payment we multiply by the grow rate of 1.07

6 0
3 years ago
Identify the major transportation improvements in this period, and explain how they influenced the market economy.
kramer
In the first half of the nineteenth century, the steamboat, canal, railroad and telegraph were presented. This made transportation a great deal less expensive and quicker for organizations. It additionally connected agriculturists to national markets. The railroad gave employments to such huge numbers of Americans, despite the fact that many were foreigners. Telegraph made it conceivable to impart cross country, in any event quicker than mail would. It was for the most part utilized for organizations. Each of the four of these innovations twisted America out of its monetary past by making exchange/business speedier, less expensive, and more productive.
7 0
3 years ago
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