User Account

All Pages

What will be the individual adjusted gross income

Assignment Help Accounting Basics
Reference no: EM132969776

Question - In 2018, a company is considering alternative organizational forms. The gross business earnings are $100,000. The owner is single and has $3,000 of income from other sources, itemized deductions of $11,000, and a standard deduction of $12,000. Compensation for services is $50,000. Business charitable contributions are $4,000. 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?

Reference no: EM132969776

Questions Cloud

What amount of foreign exchange gain is taxable : What amount of your foreign exchange gain is taxable? You purchased a USD strip bond at $9,350 CAl CAD when the USD/CAD was trading at
What is the amount of the factory overhead variance : Viy Company applies factory overhead using a percentage of direct labor cost. What is the amount of the factory overhead variance
What is the entry to record payment on may : On May 1,2001 ERNEST paid the first of two equal installments P720,000 for real property taxes. What is the entry to record payment on May 1?
How much is earned for jen company : How much is earned in 2011? JEN COMPANY. sells service contracts that cover a 2 year period. The sales price of each contract is P10,000.
What will be the individual adjusted gross income : Business charitable contributions are $4,000. The owner's dividends from the corporation are $15,000. What will be the individual's adjusted gross income
How much inventory should be reported on december : On December 31, 2021, how much inventory should be reported? Goods shipped FOB shipping point from a vendor to Violet Company on December
How much is the ot premium charged to direct labor : The factory overhead application rate is P30 per direct labor hour. How much is the OT premium charged to direct labor
Why accrual base accounting be adopted by governmental : Why accrual base accounting should be adopted by governmental units globally rather than a cash basis accounting system currently used by many governments.
Find what was sam taxable employment income for last year : What was Sam's taxable employment income for last year? On January 7th of this year, Sam received a paycheque for $1,640 covering the two week period

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