FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

State corporate tax = 9.6% tax bracket, Fed is 35% Income is 475,000 after expense and depreciation. What is the amount of Federal tax? (rounded

State corporate tax = 9.6% tax bracket, Fed is 35% Income is 475,000 after expense and depreciation. What is the amount of Federal tax? (rounded to 1st dec) A. 128.3 K B 166.3K C. 150.3 K D. 211.9.K
image text in transcribed
State corporate tax =9.6% tax bracket, Fed is 35% Income is 475,000 after expense and depreciation. What is the amount of Federal tax? (rounded to 1 st dec) A. 128.3K B 166.3K C. 150.3K D. 211.9.K

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Politics Of Internal Auditing

The Politics Of Internal Auditing

Authors: Dr. Larry Rittenberg, Patty Miller

1st Edition

0894139053, 978-0894139055

More Books

Students also viewed these Accounting questions

Question

★★★★★
A local government has five federal grants. Expenditures amounted to $3,000,000 during the year, as follows: Type A HUD grant, new and never audited ......................................... $900,000...

Answered: 1 week ago

Question

★★★★★
Match the terms listed with the definitions. When a company offers stock to outside investors for the first time. a. bond rating b. capital gain c. commercial paper d. common stock e. coupon rate f....

Answered: 1 week ago

Question

★★★★★
Define what it means to dissociate, and connect that definition with the disorder; appreciate the perspectives of believers and skeptics?

Answered: 1 week ago

Question

★★★★★
The following facts pertain to a noncancelable lease agreement between Earth Leasing Corporation and New Moon Company, a lessee. Inception date October 1, 2014 Annual lease payment due at the...

Answered: 1 week ago

Question

★★★★★
Why feature is important a . To see the datasets b . To make it attractive c . To reduce the dimensionality of data d . to find good data

Answered: 1 week ago

Question

★★★★★
"life scenario" Meet JACK: You are a 36-year-old bachelor who has a great condo near Green Valley and Paseo Verde. You bought when the market was low for $28,000 and now it is worth $178,000. But you...

Answered: 1 week ago

Question

★★★★★
Describe in detail the three main assumptions for parametric testing.

Answered: 1 week ago

Question

★★★★★
Which information is required to calculate the Total Amount of Insurance Needed in the Financial Needs Analysis (FNA) section? i. Death Amount, Passive Income, Mortgage Balance ii. Mortgage Balance,...

Answered: 1 week ago

Question

★★★★★
An electronic store sells particular model of a laptop computer. There are only six laptops in stock, and the manager wonders what daily demand for this particular model will be. She learns from the...

Answered: 1 week ago

Question

★★★★★
Suppose that, in each period, the cost of a security either goes up by a factor of u = 2 or down by a factor d = 1/2. Assume the initial price of the security is $100 and that the interest rate r is...

Answered: 1 week ago

Question

★★★★★
Sarik was surprised by how many conversations it took to make a deal with CorpCo. What pitfall did Sarik experience?

Answered: 1 week ago

Question

★★★★★
7. List behaviors to improve effective leadership in meetings

Answered: 1 week ago

Question

★★★★★
6. Explain the six-step group decision process

Answered: 1 week ago

Question

★★★★★
6. Analyze the group dynamics from five of your favorite television shows. See if you can identify the various social and antigroup role types in each of the groups.

Answered: 1 week ago

Previous Question Next Question