User Account

All Pages

How would her Federal income tax liabilities change

Assignment Help Accounting Basics
Reference no: EM132648609

Problem - Blue is the owner of all of the shares of an S corporation, and Blue is considering receiving a salary of $110,000 from the business. She will pay the 7.65% FICA taxes on the salary, and the S corporation will pay the same amount of FICA tax. If Blue reduces her salary to $50,000 and takes an additional $60,000 as a cash distribution, how would her Federal income tax liabilities change?

Reference no: EM132648609

Questions Cloud

Evaluate academic literature : Summarise, analyse and evaluate the literature - Well structured (presentation and organisation) and correct referencing - Discuss the different solutions
Calculate the value of the technology today : Subsequent annual cash flows will grow at 3% in perpetuity. Calculate the value of the technology today if the discount rate is 12%?
Explain variable costing with examples : Explain Variable costing with examples. Explain cost per unit with examples. Explain Absorption costing. Explain periods cost. Explain product cost.
What is the firm debt to equity ratio : If a firm has a debt ratio (i.e., D/A) of 24%, what is the firm's debt to equity (i.e., D/E) ratio?
How would her Federal income tax liabilities change : If Blue reduces her salary to $50,000 and takes an additional $60,000 as a cash distribution, how would her Federal income tax liabilities change
Describe difference between risk tolerance vs risk appetite : An information technology (IT) security policy framework is the foundation of an organization's information security program. Organizations use these documents.
What is z-prime stock price : Company Z-prime's earnings and dividends per share are expected to grow by 5% a year. Its growth will stop after year
What is the stock price for the stocks : Consider the following three stocks:Stock A is expected to provide a dividend of $11.10 a share forever.
Does statement reflect any cash with fiscal agents and why : Explain , Does the statement reflect any "Cash with Fiscal Agents"? If so, does this amount correspond with any other amounts on the Balance Sheet?

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