A corporation has a net income before tax of $60,000. What is the federal tax amount and
Question:
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (27 reviews)
Federal Tax Amount First 50000 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Question Posted:
Students also viewed these Economics questions
-
A Canadian controlled private corporation has a Net income for tax purposes of $478,000 and a Taxable Income of $420,000. All of this income is Active Business Income and is earned in Canada and...
-
What is the Federal Register? What role does it play in rulemaking? What is the difference between the Federal Register and the Code of Federal Regulations?
-
What is the Federal Reserve? What are its economic goals? How may the Fed pursue its economic goals? How may the tools of monetary policy affect securities prices?
-
Simplify each expression. Assume that all variables represent nonzero real numbers. (xy-3)-2
-
Name each compound by the E-Z system. a. b. , ,, C-C Br
-
Package Corporation acquired 90 percent ownership of Sack Grain Company on January 1, 20X4, for $118,800 when the fair value of Sack's net assets was $19,000 higher than its $113,000 book value. The...
-
Great Lakes Metals, Inc., has two divisions. The fabrication division transfers partially completed components to the assembly division at a predetermined transfer price. The fabrication division,...
-
On May 20, 2015, Montero Co. paid $1,000,000 to acquire 25,000 common shares (10%) of ORD Corp. as a long-term investment. On August 5, 2016, Montero sold one-half of these shares for $625,000. What...
-
Question Content Area Factory Overhead Cost Variance Report Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the...
-
Prepare a report with your rankings of the judges. Also, include an analysis of the likelihood of appeal and case reversal in the three courts. At a minimum, your report should include the following:...
-
Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. a. What are the required reserves of People's National...
-
Use the following demand schedule to determine total and marginal revenues for each possible level of sales: a. What can you conclude about the structure of the industry in which this firm is...
-
Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 9%, paid annually. The issue price will be $1,000. The tax rate is 25%. If the flotation cost is 2% of...
-
How do cognitive biases such as confirmation bias, anchoring, and the availability heuristic influence the quality of decision-making within complex organizational contexts ?
-
What role do cognitive biases, such as confirmation bias and anchoring, play in perpetuating conflict, and how can awareness of these biases facilitate more effective conflict resolution strategies?
-
Were you surprised by the results? Do you agree with the results? How can you use this knowledge of your personal biases to inform your management strategies? How can the identified biases impact...
-
what ways do existing power structures perpetuate social stratification, and what are the socio-political ramifications of these dynamics ?
-
How do feedback loops and reflective practices contribute to continuous improvement and the refinement of teamwork dynamics over time ? Explain
-
Expenditures after Acquisition} Listed below are several transactions: a. Paid \(\$ 80\) cash to replace a minor part of an air-conditioning system b. Paid \(\$ 40,000\) to fix structural damage to a...
-
H Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000 par value. The bond has 6 years left to maturity but could be called after three years for $1000 plus a call...
-
You have received a list of balances and balance day adjustments from Dr R Smart (figure 11.41) and have been requested to prepare an 8-column worksheet and then use it to prepare an income statement...
-
Hawkins Corporation has the following balances at December 31, 2010. Projected benefit obligation $2,600,000 Plan assets at fair value 2,000,000 Accumulated OCI (PSC) 1,100,000 How should these...
-
Norton Co. had the following amounts related to its pension plan in 2010. Actuarial liability loss for 2010 $28,000 Unexpected asset gain for 2010 18,000 Accumulated other comprehensive income (G/L)...
-
Lahey Corp. has three defined-benefit pension plans as follows. How will Lahey report these multiple plans in its financial statements? Plan X Plan Y Plan Z Pension Assets (at Fair Value) $600,000...
-
[ The following information applies to the questions displayed below ] Nauticat has two classes of stock authorized: $ 1 0 par preferred, and $ 1 par value common. As of the beginning of 2 0 2 1 , 1...
-
Selling is not the most important part of marketing. Explain why not
-
When direct materials are issued from the storeroom, are any entries made in the subsidiary records? Question 2 options: Increase raw material item record Decrease raw material item record No entry...
Study smarter with the SolutionInn App