State income tax of 5 percent in addition to the federal inc

Assignment Help Macroeconomics
Reference no: EM13314656

Mango Corporation has before-tax income of $450,000 and is subject to a state income tax of 5 percent in addition to the federal income tax. What is Mango’s after-tax cash flow?

Reference no: EM13314656

Questions Cloud

Explain all the tax consequences of these events for both : Joe owes Willy $5,000 from an old gambling debt. Joe knows that there is no way he can repay the debt in the near future. He asks Joe if he will take a $25,000 life insurance policy that has a cash surrender value
What the income tax ramifications of alimony structured in : John and Mary are divorcing. John is demanding that Mary pay him $75,000 of alimony in the first year after the divorce, $50,000 in the second year, and $25,000 in the third and all subsequent years until he dies or remarries. What
What do you think about this proposal : Some politicians have proposed changing the way social security benefits are taxed. One proposal would increase the amount of Social Security benefits included in gross income to 100 percent
Why do you think companies invested in this janitor insurace : Your friend tells you that she read an article about something called “janitor's insurance.” The article said that companies took out life insurance policies on some, if not all, of their employees
State income tax of 5 percent in addition to the federal inc : Mango Corporation has before-tax income of $450,000 and is subject to a state income tax of 5 percent in addition to the federal income tax. What is Mango’s after-tax cash flow?
How much must alana and mac include in gross income : Mac gives his daughter, Alana, 600 shares of Highgrowth stock. Mac purchased the stock 10 months ago at $20 per share. On the gift date, the stock is worth $35 per share
How much does myra include in gross income : Myra receives a $20,000 gift from her cousin and inherits $80,000 in corporate bonds from her Aunt. Myra receives $7,000 in interest income from the bonds. How much does Myra include in gross income?
How much does linda include in gross income if she takes : The insurance company informs her that she has two options: (1) she can receive the entire $500,000 in one lump-sum payment or (2) she can receive annual installments of $58,000 for ten years.
How much does mark include in his gross income : Mark's employer pays for 55 percent of the premiums for a disability insurance policy and Mark pays for the other 45 percent. The policy pays Mark 65 percent of his normal salary

Reviews

Write a Review

Macroeconomics Questions & Answers

  Are grocery markets are not competitive

Grocery stores and gas stations in large cities would appear to be examples of near-perfectly competitive markets because there are numerous small sellers, each seller is a price taker, and the products are quite similar. Do you agree with this st..

  Assume both the spot rates unexpectedly shift downward

Assume both the spot rates unexpectedly shift downward by 1%. What is the price of a forward contract otherwise identical to yours.

  Economic efficiency and externality related problem

Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?

  Optimal pricing strategies of monopolies

As a manager of chain of movie theatres which are monopolies in their respective markets-Devise a pricing strategy to maximize your firm's profits.

  Derive the nash equilibrium of the model

Consider a 2-company Cournot model. Let ci (i=1,2) denote firm i's cost per unit of output produced, and suppose that c1 > c2 .

  Buy or sell the commodity depending on its cost

This customer can buy or sell the commodity depending on its cost.

  Calculating nominal gdp

The table above  demonstrate  the prices and quantities of 2-goods produced in a country in 2006 and 2007. These are the only goods produced in the country.

  Elucidate tools used to pursue expansionary

Elucidate tools used to pursue expansionary and contractionary fiscal policy.

  Nation economy retrenched in the wake of a global financial

In 2008-2009, the nation economy retrenched in the wake of a global financial crisis. Did the globalization of capital markets contribute to this crisis.

  Methodology to find the optimal activity levels

Appalachian Coal Mining believes that it can raise labor productivity and, therefore, net revenue by reducing air pollution in its mines. Its estimates that the marginal cost function for decreasing pollution

  What is the difference between contractionary and expansiona

What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?

  Computing the amount of deposit

Carrie needs to accumulate $40,000 to make a down payment on a house at the end of four years.

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