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The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." Suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $212,000. What would the new 39 percent bubble rate have to be? (Round your answer to 2 decimal places. (e.g., 32.16))
on june 8 alton co. issued an 76466 7 120-day note payable to seller co. assuming a 360-day year for your calculations
collected advanced payments for customers of 5000 during the month of may for future legal services. these advance
what are the four different adjusting journal entries? what accounting assumptions necessitate the use of adjusting
Identify the features common to the gift tax formula and the estate tax formula. What is the lifetime gift tax exemption in tax year 2012? What is that exemption amount in 2013?
discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
pheasant co. can further process product b to produce product c. product b is currently selling for 30 per pound and
Evaluate and summarize the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). Why is this important? How will it be implemented? How are these standards regulated? Who r..
the peg corporation tpc issued bonds and received cash in full for the issue price. the bonds were dated and issued on
What is the control environment? How does the control environment affect a company's internal controls? What are the negative and positive elements of a control environment?
halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and
assume cash paid to suppliers for the current year is 350000 merchandise inventory increased by 5000 during the year
lorde corporation recently acquired new equipment. in exchange lorde traded in an existing asset that had an original
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