Question
a. Compute how much tax is owed if your company earns $760,000+U dollars pretax (and pays out all the net income to yourself) under 3
a. Compute how much tax is owed if your company earns $760,000+U dollars pretax (and pays out all the net income to yourself) under 3 different forms of organizations: proprietorship, limited liability company, and corporation (assuming your personal income tax rate is 37% and the corporate income tax rate is 21%)
b. Compute how much you personally owe if your business goes bankrupt with $20,000+U more in liabilities than assets under 3 different forms of organization: proprietorship, limited liability company, and corporation
c. Compute how much money you would have in U+1 years if you have $2000 and earn 6% per year
d. Compute how much money you would have in U+1 years if you have $2000 and earn 1.21% per year
(U=57)
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