Mr. lion, who is in the 37 percent tax bracket, is the sole shareholder of toto inc., which manufactures greeting cards. toto’s average annual net profit (before deduction of mr. lion’s salary) is $350,000. for each of the following cases, compute the income tax burden on this profit. (ignore any payroll tax consequences.) mr. lion’s salary is $100,000, and toto pays no dividends. mr. lion’s salary is $100,000, and toto distributes its after-tax income as a dividend. toto is an s corporation. mr. lion’s salary is $100,000, and toto makes no cash distributions. assume toto's ordinary income qualifies for the 20 percent qbi deduction. toto is an s corporation. mr. lion draws no salary, and toto makes no cash distributions. assume toto's ordinary income qualifies for the 20 percent qbi deduction. toto is an s corporation. mr. lion draws no salary, and toto makes cash distributions of all its income to mr. lion. assume toto's ordinary income qualifies for the 20 percent qbi deduction.

Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.