Tentec in sevierville, tennessee, makes commercial and amateur radio equipment, including receivers, transceivers, antenna tuners, linear amplifiers, and so on. their taxable income last year was $980,000. they have established a new line of electronic equipment that is on sale this year and that is expected to add another $150,000 to taxable income.
a. determine the effective tax rate on all of last year’s taxable income. b. determine the effective tax rate on all of this year’s taxable income. c. determine the incremental tax rate. d. determine the marginal tax rate this year.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 11:00, neash19
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 3
Business, 22.06.2019 11:10, henryzx900
How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i. e. if your answer is $432.51, then type 432.51 without $ sign)
Answers: 1
Business, 22.06.2019 19:50, annabanana1298
Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?
Answers: 1
You know the right answer?
Tentec in sevierville, tennessee, makes commercial and amateur radio equipment, including receivers,...
Questions in other subjects:
English, 02.11.2020 14:00
Biology, 02.11.2020 14:00
Mathematics, 02.11.2020 14:00
