User Account

All Pages

Compute the refundable part I tax for X Ltd for the year

Assignment Help Accounting Basics
Reference no: EM133038208

Question - X Ltd is CCPC has the following tax attributes for the taxation year 2020.

Aggregate Investment Income $123,500

Active Business income 500,000

Taxable Income 623,500

Part I tax 122,753

Portfolio Dividend received - 85,000

The aggregate investment income and its components for last year are the same as the aggregate investment income and its components for the current year.

Required - Compute the refundable part I tax for X Ltd for the year 2020.

A. $37,873

B. $191,207

C. $85,000

D. $122,753

Reference no: EM133038208

Questions Cloud

What unit cost would appear on the job cost sheet : At the end of the year, it was determined that the company worked 24,000 direct labour hours for the year. What unit cost would appear on the job cost sheet
What is the amount of money in dollars : Assume you are in India and borrowed 800,000 Rupees (Rs) from one of your friends who lives in Australia. Suppose the spot exchange rate at the time borrowing
Discuss the four matrix models : Discuss each of the four matrix models when formulating your competitive strategies.
What is nancys reasoning : What is Nancy's reasoning in asking for $80,000 rather than the $41,000 that her share of the business is presently worth?
Compute the refundable part I tax for X Ltd for the year : X Ltd is CCPC has the following tax attributes for the taxation year 2020. Compute the refundable part I tax for X Ltd for the year 2020
Find out the context of the overall project : As you contemplate the surgery scheduling system install, you figure out the best way to complete the project. On the surface, there are five distinct areas of
What is the dividend yield : Question - You expect a share of stock to pay dividends of 1, 1.25 and 1.50 in each of the next 3 years. What is the dividend yield
Swot analysis to develop marketing plan : Discuss how walmart uses the SWOT Analysis to develop their marketing plan. Focus on the SWOT outputs and their relationship to customer targeting and the produ
Appropriate team members with certain skills : It will be important to have appropriate team members with certain skills and abilities for the system install. As you search for team members, look for potenti

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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