What is the taxable income for the corporation

Assignment Help Operation Management

Reference no: EM131467571

Peanut Corporation reports the following information for 2014:

Net Income per books 120,000

Dividends paid to shareholders 500

Federal Income taxes (accrued as an expense) 20,000

Net Capital loss (excess loss over gain) 5,000

Travel and entertainment (50% portion disallowed) 800

Insurance premiums paid on life of vice-president 1,000

Tax-exempt interest income 2,000

Tax deductions in excess of depreciation used for book purposes 1,400

Excess Charitable Contributions (In excess of annual limitation) 600

What is the taxable income for the corporation for 2014?

Reference no: EM131467571

Questions Cloud

Draw the decomposition trees for each flow grap : The following sets of edges form flow graphs on five nodes, labeled from 1 to 5. Draw the flowgraphs using the conventions of Figure.

Hamilton and jefferson economic views : What were the differences between Hamilton and Jefferson's economic views after the American Revolution?

Explain the skills and traits that you possess : Post the skills and traits that you possess that you think would make you an effective leader in a public or nonprofit organization in your community.

Complete description of the activity : Broadway musicals both live and on CD or other types of experiences on CD, international films, virtual field trips, literature, documentary films related.

What is the taxable income for the corporation : What is the taxable income for the corporation for 2014?

Do you think the use of visual logos and imagery for artwork : Do you think the use of visual logos and imagery for artwork, at least, should be considered "fair use" under property law? What do you think?

Think about terrorism in terms of globalization : What do you guys think about terrorism in terms of globalization and gender in the 15 century and 21 century using communication mode.

What structural attributes are contributing to complexity : Draw three flow graphs that have equal cyclomatic number but which seem intuitively to rank differently in terms of structural complexity.

The industrial revolution : "The Industrial Revolution" Please respond to the following:(Note: Please respond to one [1] of the following two [2] bulleted items in a primary posting.

User Account

All Pages