Business, 08.04.2020 03:29 jacquicmoreland2106
Currently, Nick's brother Tommy owns an auto repair shop across town. Tommy owns the shop as a sole proprietorship. Nick has suggested that Tommy think about converting the shop to a corporation. Advantages for incorporating the repair shop into a C corporation include which of the following?
I. Allowing the flow-through of corporate profits to shareholders that could be taxed at each owner's marginal tax bracket.
II. Withdrawing accumulated profits at capital gain rates.
III. Providing tax-favored fringe benefits to employee shareholders.
IV. Changing the form of business with ease once a corporation has been formed.
A. II only
B. III only
C. I and III only
D. I and IV only
Answers: 3
Business, 22.06.2019 07:30
Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions
Answers: 3
Business, 22.06.2019 16:00
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
Answers: 1
Business, 22.06.2019 18:50
Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answers: 3
Business, 22.06.2019 22:40
Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.
Answers: 3
Currently, Nick's brother Tommy owns an auto repair shop across town. Tommy owns the shop as a sole...
Geography, 28.08.2019 18:30
Social Studies, 28.08.2019 18:30
Arts, 28.08.2019 18:30
Computers and Technology, 28.08.2019 18:30
Computers and Technology, 28.08.2019 18:30
French, 28.08.2019 18:30