Business, 28.01.2020 17:42 jeanieb

Which of the statement(s) is correct? i. corporations rarely pay tax on the interest income. ii. higher tax bracket people tend to buy municipal bond because it is federal tax exempt. iii. short term capital gain and long-term capital gain are treated differently for individuals. iv. the corporate tax rates in the u. s. is one of the lowest among the developed nations. 6 a. i only b. ii only c. ii and iii d. iii and iv e. all the statements are correct

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:00

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Answers: 1

Answer

Business, 23.06.2019 01:50

Mart's boutique has sales of $820,000 and costs of $540,000. interest expense is $36,000 and depreciation is $59,000. the tax rate is 21 percent. what is the net income? $146,150 221,200 105,000 139,050

Answers: 3

Answer

Business, 23.06.2019 03:00

Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is

Answers: 1

Answer

Business, 23.06.2019 10:30

According to the graph, how much did individuals making $20,000 to $50,000 a year pay in income taxes? according to the graph, how much revenue did the government receive from individuals earning $200,000 and above?

Answers: 1

Answer

You know the right answer?

Which of the statement(s) is correct? i. corporations rarely pay tax on the interest income. ii. hi...

Questions