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points (polt. For the following scenario, determine the dollar amount of book-tax difference (if any) written as a positive number. Ramco Tooling purchased new equipment

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points (polt. For the following scenario, determine the dollar amount of book-tax difference (if any) written as a positive number. Ramco Tooling purchased new equipment on January 1, Year 1 for $125,000. In Year 1,Ramco took 530,000 in Sec. 179 expense on the equipment and $50,000 in bonus depreciation on the equipment. In addition, it took $25,000 in regular MACRS depreciation on the equipment in YearFor book purposes, Ramco estimates the useful life of the equipment is 10 years and sex tright line depreciation OL $12,500 O. None of the above II 592,500 ON 562,500 OV. 50 OV. 542,500 Moving to another question will save this response Ostion/41 (4 points) For the scenario below.determine the amount of tax that the shareholder receiving the dividend income must pay on the dividend they receive. All entities below te corporation. Assume all types of taxable income for a C corporation are taxed at a 21% tax rate. Bopart Initiatives (a componiste taxpayer) owns 95 percent of Strauss & Co. (also a corporate taxpayer). In Year 1, Strms & Co. distributes 54 million cash dividends to all its shareholders in proportion to their ownership percentages. OL. $0 of tax on the dividend OIL 199,000 of tax on the dividend Oil None of the above O 1.5279,100 of tax on the dividend Question 17 of 41 Moving to another question will save this response EM

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