For its first taxable year, rony inc.’s accounting records showed the following: operating loss per books $ (800,000 ) temporary book/tax difference 90,000 net operating loss for tax $ (710,000 ) for its second taxable year, rony inc.’s accounting records showed the following: net income before tax $ 1,200,000 reversal of year 1 book/tax difference (90,000 ) taxable income before nol deduction $ 1,110,000 nol deduction (710,000 ) taxable income $ 400,000 use a 21 percent rate to compute rony’s tax expense for financial statement purposes for the second tax year. use a 21 percent rate to compute rony’s tax payable for the second tax year. compute rony’s reduction in its deferred tax assets for the second tax year.

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p.m. to 10 p.m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue.a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?

In most states, a licensee must provide a(n) of any existing agency relationships to all parties