Business, 09.04.2021 02:30 carsengilbert
Oriole, Inc. had pre-tax accounting income of $1800000 and a tax rate of 30% in 2018, its first year of operations. During 2018 the company had the following transactions:
Received rent from Jane, Co. for 2019
$87000
Municipal bond income
$111000
Depreciation for tax purposes in excess of book depreciation
$51000
Installment sales profit to be taxed in 2019
$153000
For 2018, what is the amount of income taxes payable for Oriole, Inc?
a) $419,400
b) $471,600
c) $594,000
d) $504,900
Answers: 1
Business, 22.06.2019 14:30, Hannahdavy5434
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
Business, 22.06.2019 21:00, crazylogic963
China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.
Answers: 3
Oriole, Inc. had pre-tax accounting income of $1800000 and a tax rate of 30% in 2018, its first year...
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