User Account

All Pages

How much earnings tax would apply to the total returns

Assignment Help Financial Accounting
Reference no: EM132757315

Anwen is age 61 and retired from the workforce. He has $760000 in a retirement phase income stream account. For the current financial year his investments have produced income returns of $44000 and realised capital returns of $18000. The assets that produced the capital returns were owned by the fund for only 6 months.

Problem 1: How much earnings tax would apply to the total returns?

Select one:

a. $8400
b. $6200
c. $9300
d. 0.00

Reference no: EM132757315

Questions Cloud

What was the cash balance after payment of liabilities : On December 31, 2016, the accounting records of MM, NN and OO Partnership (a general partnership) included the following ledger account balances.
How much earnings tax apply to total returns for valentina : The assets that produced the capital returns were owned by the fund for a period greater than 12 months. How much earnings tax would apply to the total returns?
Calculate the new value of the business : Suppose Q13.92T floats a $34,387 debt issue and uses the proceeds to reduce share capital. The interest rate is 9.26 percent. Calculate the new value of the.
Find how much earnings tax would apply to total returns : Jody is age 69 and retired from the workforce. She holds part of her superannuation balance. How much earnings tax would apply to the total returns?
How much earnings tax would apply to the total returns : How much earnings tax would apply to the total returns? Anwen is age 61 and retired from the workforce. He has $760000 in retirement phase income stream account
What will be the total amount of contributions tax deducted : What will be the total amount of contributions tax deducted by the super fund? Superannuation Guarantee contributions of $14500
What amount should the inventory be valued : On January 2, 2019, Silent Corporation has an investment property that was carried at fair value with a carrying amount of Php 2,500,000.
Which group of assets contains only personal property : Which group of assets contains ONLY personal property? Landscaping, supplies and factory equipment. / Vehicle, supplies and factory equipment
Why bankruptcies of activist hedge funds are problematic : Why bankruptcies of activist hedge funds are especially problematic? Can you give an example of another activist hedge fund bankruptcy?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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