Ans.
Sole Prop | C Corp w Salary | C Corp w Dividend | S Corp w Salary | S Corp w Distribution | |
Entity Level | |||||
Income before Salary | 46,000 | 46,000 | 46,000 | 46,000 | 46,000 |
Salary Deduction | - | 25,000 | - | 25,000 | - |
Taxable Income | 46,000 | 21,000 | 46,000 | 21,000 | 46,000 |
Entity Level Tax | 10,120 | 4,620 | 10,120 | 4,620 | 10,120 |
Homework: Homework Chapter 02 Save 1 of 6 (1 complete) HW Score: 1.92%, 0.48 of 25...
Carol, a single taxpayer, operates a computer repair shop. She is considering either continuing the business as a sole proprietorship or reorganizing it as either a C corporation or an S corporation. Her goal is to withdraw $17,000 of profits from the business annually while minimizing her total tax liability. She expects the business to generate annually $47,000 of taxable income, all of which qualifies as pass-through income before considering a deductible salary expense. (Click the icon to view more...
Homework: Chapter 8 Homework Save 3 of 14 (6 complete) HW Score: 42.86%, 6 of 14 pts Score: 0 of 1 pt P 8-7 (similar to) Question Help Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $4,320 at the end of each of the next 3 years. The opportunity requires an initial investment of $1,080 plus an additional investment at the end of the second year of $5,400. What...
I need dividends income tax for sasha to complete this question in part b. Problem 3-31 (LO. 1) In the current year, Azure Company has $350.000 of net operating income before deducting any compensation or other payment to its sole owner, Sasha. In addition, Arure has interest on municipal bonds of $25,000. Sasha has significant income from other sources and is in the 37% marginal tax bracket Based on this information, determine the income tax consequences to Azure Company and...
Homework: Homework - Chapter 02 Save Score: 1.2 of 2 pts 2 of 4 (4 complete) HW Score: 89.98%, 7.2 of 8 pts WS2-11 (book/static) Question Help Alter operating for a month, Rosa Anderson's dental practice completed the following transactions during September: Click the icon to view the transactions.) in the steps outlined in the five-step transaction analysis, record the transactions in the journal. More info Joumalize the transactions of Rosa Anderson's dental practice. (Record debits first, then credits. Select...
Homework: Chapter 6 Homework Save Score: 0 of 2 pts 6 of 7 (6 complete) HW Score: 80%, 8 of 10 pts E6-27A (similar to) Question Help O Kim Chen, owner of Rose Red, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Chen wants to set the delivery fee based on the distance driven to deliver the flowers. Chen wants to separate the fixed and variable portions...
Homework: Chapter 1 Post-Homework Save Score: 0 of 12 pts 2 of 8 (8 complete HW Score: 73.23%, 73.23 of 100 pts X E1-22A (similar to) Requirements Nelson Company's comparative balance sheet at January 31, 2019 and 2018, reports the Click the icon to view the comparative balance sheet For each station, use the accounting equation and what you know from the chapter about stockholders' equity, common stock and retained earnings to calculate the amount of Nelson's net income or...
Homework: Sec. 5.4 Save core: 0 of 1 pt 6 of 8 (5 complete) HW Score: 58.3... 5.4.25 : Question Help The annual salary for one particular occupation is normally distributed, with a mean of about $139,000 and a standard deviation of about $16,000. Random samples of 38 are drawn from this population, and the mean of each sample is determined. Find the mean and standard deviation of the sampling distribution of these sample means. Then, sketch a graph of...
Homework: Chapter 8 Homework Save Score: 0 of 1 pt 6 of 7 (5 complete) HW Score: 50%, 5 of 10 pts E8-29A (similar to) * Question Help o GlobalSystems manufactures an optical switch that it uses in its final product. (Click the icon to view the outsourcing decision analysis.) GlobalSystems incurred the following manufacturing costs when it produced 69,000 units last year: GlobalSystems needs 79,000 optical switches next year (assume same relevant B (Click the icon to view the...
Homework: Chapter 8 Homework Save Score: 0 of 1 pt 6 of 7 (5 complete) HW Score: 50%, 5 of 10 pts E8-29A (similar to) * Question Help o GlobalSystems manufactures an optical switch that it uses in its final product. (Click the icon to view the outsourcing decision analysis.) GlobalSystems incurred the following manufacturing costs when it produced 69,000 units last year: GlobalSystems needs 79,000 optical switches next year (assume same relevant B (Click the icon to view the...
Homework: Chapter 2 - Decision Making Homework Save 4 of 4 (3 complete) HW Score: 51.08%, 5.62 of 11 pts Score: 0 of 5 pts P11-34 (similar to) Question Help CleanUp Corporation produces baseball bats for kids that it sells for $34 each. At capacity, the company can produce 44,000 bats a year. The costs of producing and selling 44,000 bats are as follows: (Click to view the costs.) Read the requirements. Requirement 1. Suppose CleanUp is currently producing and...