User Account

All Pages

What is the income tax payable for the current year

Assignment Help Accounting Basics
Reference no: EM133120817

Question - World Data Company was established in 2015. It has the following data for the current year:

Grow income, Philippines 975,000

Expenses, Philippines 950,000

Gross income, Canada 700,000

Expenses, Canada 620,000

Dividends from PLDT 30,000

Interest on bank deposits 20,000

Assuming World Data is a resident foreign corporation, what is the income tax payable for the current year?

a. 5,000

b. 6,250

c. 21,000

d. 26,250

e. None of the above

Reference no: EM133120817

Questions Cloud

Estimate the cost of equity for dell : Estimate the cost of equity for Dell, go to finance.yahoo.com and enter the ticker symbol "DELL." Follow the various links to find answers to the following ques
Compare the distribution of cardiac index of the male : Compare the distribution of cardiac index of the male and female patients, and explain the key differences of the two distributions
How did cit fund its operations leading up to the financial : How did CIT fund its operations leading up to the financial crisis? How did it change during the financial crisis? Why is CIT struggling to refinance its debt n
Explain the origination of the var and stress test : Explain how the origination of the VaR and stress test and how they mitigate credit risk and liqudity risk.
What is the income tax payable for the current year : World Data Company was established in 2015. Interest on bank deposits 20,000. What is the income tax payable for the current year
Relationship between annual objectives and policies : Briefly explain the seven guidelines to follow in developing an organizational chart. Describe the relationship between annual objectives and policies.
Find out the price of the underlying stock : You are given the following prices for 1-year European call options:
What is the required rate of return on a stock : A's stock pays a dividend once each year, and it just paid a dividend of $0.85 yesterday. The current market price of the stock is $12.14.
Design a swap that will net a bank : Companies X and Y have been offered the following rates per annum on a $5 million 3-years investment:

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