Acompany wants to set up their headquarters in spain where the corporate tax rates are as follows: 11% of first $40,000 profits, 22% of next $26,000, 39% of next $29,000, and 42% of everything over $95,000. consultants estimate that they will have gross revenues of $380,000, total costs of $120,000, and $15,000 in allowable tax deductions.
what is taxable income for the first year and how much should the company expect to pay in taxes?
Answers: 2
Business, 21.06.2019 20:30
Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks
Answers: 2
Business, 21.06.2019 22:50
Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.
Answers: 3
Business, 22.06.2019 07:30
Which of the following best describes why you need to establish goals for your program?
Answers: 3
Business, 22.06.2019 23:50
Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is:
Answers: 1
Acompany wants to set up their headquarters in spain where the corporate tax rates are as follows:...
Social Studies, 01.09.2019 19:00
Social Studies, 01.09.2019 19:00
Mathematics, 01.09.2019 19:00
English, 01.09.2019 19:00
Mathematics, 01.09.2019 19:00
History, 01.09.2019 19:00
History, 01.09.2019 19:00
Mathematics, 01.09.2019 19:00
Mathematics, 01.09.2019 19:00
Mathematics, 01.09.2019 19:00