User Account

All Pages

What is the total tax

Assignment Help Accounting Basics
Reference no: EM132945993

Question - A single individual has formed a partnership, which is not a qualified business, in which the individual owns 33.33%. The first year of the partnership, it earns gross income of $150,000 for the tax year of 2018. What is the total tax that will be paid by the individual this year if the individual's marginal tax rate is 12% and the corporate marginal rate is 21%?

Reference no: EM132945993

Questions Cloud

Determine the dollar AIC and dollar cash flow that DVR Inc : Determine the dollar AIC and the dollar cash flow that DVR Inc. would have to pay under a currency swap where it borrows ¥1,750,000,000
Differentiate between ordinary shares and preference shares : Differentiate between Ordinary shares and preference shares and provide at least two advantages and two disadvantages of each type of shares.
What will be the individual adjusted gross income : The owner's dividends from the corporation are $15,000. What will be the individual's adjusted gross income (AGI) if the business is operated as a C Corporation
What the balance capital reported in wiley hill : What the balance in Wiley Hill, Capital reported on the Statement of Owner's Equity at the end of March would be? Wiley invested $28,000 cash in the business.
What is the total tax : What is the total tax that will be paid by the individual this year if the individual's marginal tax rate is 12% and the corporate marginal rate is 21%
Prepare a worksheet to consolidate the balance sheets : On January 1, 2018, Marshall Company acquired 100 percent, Prepare a worksheet to consolidate the balance sheets of these two companies as of January 1, 2018.
What is PV of financial distress costs the firm will incur : If the share price rises to $60 after this announcement, what is the PV of financial distress costs the firm will incur as the result of this new debt
What is the yield to maturity : The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity
Ethical dilemma for a community service : Ethical dilemma for a community service worker in a professional context - Demonstrate a clear ethical decision-making process

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is carrying amount of machinery at december for manuel

Find What is the carrying amount of machinery at December 31, 2020? On July 1, 2020, Manuel Corporation purchased machinery worth P 8,000,000.

  What is anna return on assets

In 2017, Anna, Inc. reported $700 million in sales, $22 million in net income, $1.3 million in interest expense, What is Anna's return on assets in 2017

  How much is February total cost of production

Anticipated unit sales for January are 6,000; sales for February are 7,000; How much is February total cost of production

  What is the epeat tool? how is it used

What is the EPEAT tool? How is it used?

  Prepare the direct materials purchases budget

Prepare for the 1st quarter: Prepare the direct materials purchases budget. Assume the company needs 150,000 yards of fabric for production in April

  An s corporation shareholder

An S corporation shareholder is currently in the 28 percent tax bracket

  Explain the auditor responsibilities

Required - For each of the two events above, explain the auditor's responsibilities and the correct accounting treatment for the event

  Explain the differences between variables and data types

Explain the differences between variables and data types. Explain the need for data types and the different types available. Describe the general process

  Discuss how located the relevant guidance

Discuss how you located the relevant guidance, including the search method used and which section you searched within the appropriate topic.

  Explain the return to deficit spending

Explain the decline in deficits and subsequent surpluses in the late 1990's. Explain the return to deficit spending since the turn of the century. Consider the causes of the deficits and surpluses and provide your own insight as to whether these sur..

  Prepare an acquisition analysis as at date of acquisition

On 1 July 2018, Red Ltd acquired 60% of Bill Ltd's share, Prepare an acquisition analysis as at date of acquisition using the partial goodwill method.

  Discuss what amount should south company report

what amount should South Company report as its depreciation expense in its general ledger account

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