Business, 15.11.2019 23:31 aeverettpdzrvo

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.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:30, jmsmith1218

Acompany is developing a new highperformance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below. a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample. assume=0.05. what are the null and alternative hypotheses? choose the correct answer below. b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

Answers: 2

continue

Business, 22.06.2019 11:20, leshayellis1591

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Answers: 1

continue

Business, 22.06.2019 12:50, axelsanchez7710

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Answers: 3

continue

Business, 22.06.2019 13:40, ilovecatsomuchlolol

A. j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a. j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a. j. could have probably handled. a. j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a. j. was recognizing the culture at idle time gaming.

Answers: 3

continue

You know the right answer?

Mr. lion, who is in the 37 percent tax bracket, is the sole shareholder of toto inc., which manufact...