Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Sandra would like to organize LAB as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate an 10 percent annual before-tax return on a $540,000 investment. Sandra's marginal income tax rate is 37 percent, and her tax rate on dividends and capital gains is 23.8 percent (including the 3.8 percent net investment income tax). If Sandra organizes LAB as an LLC, she will be required to pay an additional 2.9 percent for self-employment tax and an additional 0.9 percent for the additional Medicare tax. LAB's income is not qualified business income (QBI) so Sandra is not allowed to claim the QBI deduction. Assume that LAB will distribute all of its after-tax earnings every year as a dividend if it is formed as a C corporation.
Problem 1) How much cash after taxes would Sandra receive from her investment in the first year if LAB is organized as either an LLC or a C corporation?
Problem 2) What is the overall tax rate on LAB's income in the first year if LAB is organized as an LLC or as a C corporation?
Describe the circumstances under which contributed services must be recognized as revenues and expenses in the financial statements.
What is the purpose of the scatter diagrams, and how can people determine whether positive, negative, or no correlation exists between two variables
For the final portion of the assignment, refer to the comments left by the instructor on the second portion of the project (Unit VII) surrounding your selected.
Gordon died on January 1 and by his will left land with an adjusted basis of $60,000 and a FMV of $100,000 to Becky. Becky disclaims the property on December 31 of the year of death, when the land was still worth $100,000. Becky has made a gift (b..
Bonita Company sponsors a defined benefit plan.Finish the journal entry to record the pension expense and the company's funding of the pension plan in 2017.
PT Mitra on July 1, 2016 exchanged a machine for a machine. Acquisition cost old machine Rp. 31,800,000. Keep the journal required for the exchange of machines
the 2013 income statement for anderson tv and appliance reported sales revenue of 220000 and net income of 85000.
On 1 July 2020 Jenny Ltd issued a prospectus to the public offering 15 million shares at $2.00 each. Prepare general journal entries to record the transactions
Prepare a multiple-step income statement, including intraperiod income tax allocation and EPS disclosure.Assume an average 25% tax rate on all items.
Which payroll taxes are the employee's responsibility and which are the employer's responsibility?
The fair market value of its liabilities was $105,000. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz
on january 1 2008 mcelroy company purchased a building and equipment that have the following useful lives salvage
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd