Chapter 1 Homework 10 points

1. See the double taxation structure and determine which pay structure is applicable to before / after 2003 regulations. Write in black boxes below.

Partnership

Corporation

Profit

$1,650,000

$1,650,000

Corp tax

$0

$544,500

Net income

$1,650,000

$1,105,500

Cash div

$1,650,000

$1,105,500

Tax div

$0

$221,100

Tax partnership

$594,000

$0

After-tax disposable income

$1,056,000

$1,785,000

Partnership

Corporation

Profit

$1,650,000

$1,650,000

Corp tax

$0

$577,500

Net income

$1,650,000

$1,072,500

Cash div

$1,650,000

$1,072,500

Personal tax

$636,900

$413,985

After-tax disposable income

$1,013,100

$658,515

2. Calculate the five respective taxes and also please indicate whether the taxes are applicable for before / after 2003 regulation: Corporate tax, Dividend tax, Partnership tax, Corporate tax, and Personal tax. Write your answers below black boxes above.

Due Sunday by 11:59pm Points 10 Submitting a file upload Available Mar 19 at 12am - Mar 25 at 11:59pm 7 days Download homework file here Corporate Taxation.docx once complete upload back to Canvas. Corporate Taxation Homework - 10 points 1. (a) See the double taxation structure and determine whic pay structure is applicable to before/ after 2003 regulation 2. (b) Calculate the five respective tax rates and also please indicate whether the taxes are applicable for before /after 2003 regulation: Corporate tax, Dividend tax, Partnership t Corporate tax, and Personal tax. 3. Write your answers for (a) in the black box and (b) bolded black line for each of the five taxes. Due Sunday by 11:59pm Points 10 Submitting a file upload Available Mar 19 at 12am - Mar 25 at 11:59pm 7 days Download homework file here Corporate Taxation.docx once complete upload back to Canvas. Corporate Taxation Homework - 10 points 1. (a) See the double taxation structure and determine whic pay structure is applicable to before/ after 2003 regulation 2. (b) Calculate the five respective tax rates and also please indicate whether the taxes are applicable for before /after 2003 regulation: Corporate tax, Dividend tax, Partnership t Corporate tax, and Personal tax. 3. Write your answers for (a) in the black box and (b) bolded black line for each of the five taxes