Calculate the amount of the Federal income tax

Assignment Help Accounting Basics
Reference no: EM132663647

Problem - Initiate, Inc., a § 501(c)(3) organization, receives the following revenues and incurs the following expenses.

Grant from Bill and Melinda Gates Foundation $ 70,000

Charitable contributions received 625,000

Expenses in carrying out its exempt mission 500,000

Net income before taxes of Landscaping, Inc., a wholly owned for-profit subsidiary 400,000

Landscaping, Inc., remits all of its after-tax profits each year to Initiate. Calculate the amount of the Federal income tax, if any, for Initiate and for Landscaping.

Reference no: EM132663647

Questions Cloud

Perform experimental analysis : Perform an experimental analysis to determine the largest value of n for each of the three algorithms
Internally performing business : They were mainly concentrated on how they were internally performing business and how the finances were documented,
Which will decrease in the current asset of a firm : Which will decrease in the Current Asset of a firm? Which changes in the firm's future cash flows that are direct consequence of accepting a project are called
Establishing a current state to get to the desired state : Assessing risk begins with baselining, establishing a current state to get to the desired state. Adaptive Security Architecture - well defined
Calculate the amount of the Federal income tax : Landscaping, Inc., remits all of its after-tax profits each year to Initiate. Calculate the amount of the Federal income tax, if any, for Initiate
What is the payback period or undiscounted : Using the tax shield approach, calculate OCF given the following information: Sales $885,000; Costs $670,000; Depreciation $120,000.
What are some of the skills needed to interview children : What are some of the skills needed to interview children? What are some of the problems encountered when interviewing children?
Demonstrate connection to your current work environment : Demonstrate a connection to your current work environment. If you are not employed, demonstrate a connection to your desired work environment.
What is the year one cash flow for raleigh bike company : As consultant to Raleigh Bike company, you must estimate the Year 1 cash flow for a proposed project with the following data. What is the Year 1 cash flow?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd