Alpha associates was organized on january 1, year 1. Alpha was organized as a corporation. Alpha reported $200,000 of before tax income during year 1 and paid a $30,000 cash dividend to its stockholders. Assuming a corporate income tax rate of 30% and a personal income tax rate of 15%, the total amount of tax collected by the government is.

Answers

Answer 1

Explanation:

GIVEN DATA:

Alpha reported =  $200,000

withdrew = $30,000

corporate income tax rate = 30%

personal income tax rate = 15%

SOLUTION:

we get here total amount of tax collect as

total amount of tax collect = Alpha reported amount × personal income tax rate  ...............1

put here value

total amount of tax collect = $200,000 × 15%

total amount of tax collect = $30,000

here no corporate  tax required  and partner is taxed on share of total partnership income regardless of amount withdrawn

so the correct answer is $30,000


Related Questions

What is one disadvantage of using cash?
O A. Cash is inconvenient for large purchases.
O B. Cash purchases have higher interest rates.
C. Cash purchases are tracked by banks.
D. Cash is not accepted in most places.

Answers

Answer:

A. Cash is inconvenient for a large purchase.

Explanation:

It's harder to count

Jasper has been working a lot of overtime during the most current economic expansion. As a result, his income is high enough for him to move from the 12 percent tax bracket to the 22 percent tax bracket. The increased amount Jasper pays to the government is an example of:

Answers

The increased taxes paid to the government by Johnny represent what are known as automatic stabilizers slowing the economy.

What are automatic stabilizers?

These are factors in the economy that stop it from growing too fast that it becomes overheated.

Taxes are one such stabilizer because in making sure that people pay more to the government when they earn more, their spending is reduced which means that the economy doesn't grow too much.

Find out more on economic stabilizers at https://brainly.com/question/1346450.

If the money supply grows at​ 6% and the inflation rate is​ 2%, the quantity theory predicts that the change in real GDP will be

Answers

Answer:

I believe the answer is 4%

Explanation:

Allen Enterprises receives a $4,500, 5%, six-month note receivable from Wells Manufacturing. Allen also receives a $6,000, 4%, six-month note receivable from Felde Incorporated. What is the cash realizable value if Allen estimates bad debts as 2% of total notes receivable?

Answers

The cash realizable value from the two notes receivable if Allen Enterprises estimates bad debts as 2% of total notes receivable is $10,732.50

What are notes receivables?

Notes receivables are treated as assets because they give the holder a right to receive some future value based on the givers' promises.

They usually attract some interests.

Data and Calculations:

        Notes Receivable   Interest                                     Total amount

A           $4,500                $112.50 ($4,500 x 5% x 1/2)    $4,612.50

B           $6,000                $120 ($6,000 x 4% x 1/2)        $6,120.00

Interest rate for Note A = 5%

Interest ratae for Note B = 4%

Maturity period for Notes A and B = 6 months

Estimated bad notes = $210 (10,500 x 2%)

Thus, the cash realizable value from the two notes receivable if Allen Enterprises estimates bad debts as 2% of total notes receivable is $10,732.50 ($4,612.50 + $6,120).

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The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget performance report.

Answers

Actual budget performance report compares actual performance and budgeted performance based on actual activity level.

What is a budget?

A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.

Actual budget performance report gives room to

compares actual performance and budgeted performance based on actual activity level.

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Answer:

Flexible

Explanation:

Choose the term that best matches the description given.

When the person at the counter at a fast food restaurant asks you if you would like fries with your order, he or she is practicing what?

A personal selling
B upselling
C pre-approach

Answers

Answer:

upselling

Explanation:

Since they are adding more to your order they are UPselling the product by adding more.

do you like lauge arts it is supper fun in cool

Answers

Answer: It's really confusing. its just mid.

Explanation:

I love it! I find it to be fun, as well as being an essential quality in life. To have good, basic knowledge in language arts, you can never go wrong :)

What four factors must be taken into consideration to determine the right price for a product?.

Answers

Factors that must be taken into consideration to determine the right price for a product are;

Costs of productionCustomers. Positioning of the products.Competitors that are available in the same market

What is a price?

Price serve as the the cost consumers pay for a product.

The price of a product is it's value, however, one needs to consider the cost of production as well as what the consumer wants.

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LUCA makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in Direct Unsubsidized federal loans, but he’s got another $62,000 in private student loans and lives in an expensive neighborhood, so his rent is high. He’s hoping to keep his Federal student loan payments to less than $200 per month for the first few years so that his budget will work out.

What is a potential downside of Luca's taking this loan repayment plan that works in his budge right now?

Answers

Answer:

A downside is that his budget may change or things like rent will increase

Explanation:

Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!

A competitive market economy with low barriers to entry affords an entrepreneur with:.

Answers

A competitive market economy with low barriers to entry affords an entrepreneur with

the opportunity to bring new and different products and services to the market.

An increase in government purchases will increase aggregate demand because:.

Answers

Answer:

Explanation below.

Explanation:

Think of it like this:

Consumption + Investment + Government Spending + Net Exports = AD

When Government spending goes up, it is increasing AD within (C+I+G+X), so AD shifts right.

Media planners seek to reach the largest possible percentage of their target audience with no monetary limitations.


a) True
b) False

Answers

As regards media planners trying to reach a large percentage of their target audience with no limitations, this is False.

Why is this statement false?

The ultimate goal of a company is to reduce costs and make more profit. As a result, media planners try to keep costs as low as possible when engaging in ad campaigns.

This means that they try to reach the largest percentage of people they can reach, with limitations placed on them.

In conclusion, this is false.

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Patient satisfaction with va care and services is often reported to be at what percentage?.

Answers

Your highness, caught you sippin' on lean

Reminds me that's how it's supposed to be

Explanation:

Using the percentage-of-receivables basis, Continental Industries estimates it has total bad debts of $25,150. If Continentalâs trial balance shows an Allowance for Doubtful Accounts with a debit balance of $8,750, which of the following adjusting entries should the firm make? Bad Debt Expense = Debit of $16,400; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense =Debit of $16,400; Allowance for Doubtful Accounts = Credit of $33,900 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

Answers

Answer:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

Explanation:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

Should the firm make the following adjusting entries:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

What is Bad Debt Expense?When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognized. For example, if a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000. A bad debt is any loan or outstanding balance that a company considers uncollectible. Bad debt is normal and expected for businesses that provide loans and credit to customers. There will almost certainly be customers who are unable to repay their debts.

Therefore,

Should the firm make the following adjusting entries:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

When a firm's allowance account has a debit balance, the firm must add the debit balance ($8,750) to the required balance ($25,150) when making the adjusting entry (resulting in a credit of $33,900). The same amount should be deducted from the Bad Debt Expense.

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A coupon bond that pays interest semi-annually is selling at par value of $1,000, matures in seven years and has a coupon rate of 8.6%. The yield to maturity on this bond is

Answers

Based on the selling price of the bond and the coupon rate, the yield to maturity on the bond is 8.6%.

What is the yield to maturity on this bond?

When a bond is selling at par, it means that the coupon rate and the yield to maturity are the same.

The bond in question is selling at its par price of $1,000 which means that the coupon rate of 8.6% is the same as the yield to maturity.

In conclusion, the YTM is 8.6%.

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In the country of Agronomia, banks charge 10 percent interest on all loans. If the general price level has been increasing at the rate of 4 percent per year, the real rate of interest in Agronomia is

Answers

Assuming the general price level has been increasing at the rate of 4 percent per year, the real rate of interest in Agronomia is 6%.

Real rate of interest

Using this formula

Real rate of interest=Interest on all loans-General price level rate

Where:

Interest on all loans=10%

General price level rate=4%

Let plug in the formula

Real rate of interest=10%-4%

Real rate of interest=6%

Inconclusion the real rate of interest in Agronomia is 6%.

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What criteria cannot be used to create a custom segment?.

Answers

Answer:

The segment builder lets you create the component filters of a segment based on Analytics dimensions and metrics.You choose a dimension or metric a comparative operator and you enter a value to set the condition for the filter.

Explanation:

hope this helps if not please let me now

A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $

Answers

Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.

After-tax income

Using this formula

After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)

Let plug in the formula

After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)

After-tax income=$12,800-($9,600+$1,200)×0.60

After-tax income=$12,800-$10,800×0.60

After-tax income=$2,000×0.60

After-tax income=$1,200

Inconclusion the after-tax income is $1,200.

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Korey is planning to open a comic book store near his home. after completing a population survey for 3,520 homes in a 5 mile radius, korey created the chart below to include in the market analysis section of his business plan. which of the following is the best reason to include in the market analysis component of korey's business plan explaining why such a high percentage of grade-school aged kids in the surveyed region is good for korey's store? a pie chart titled population surveys. retired (55 plus), 10 percent; family (kids in college), 8 percent; family (kids in high school), 18 percent; family (kids in grade school), 32 percent; family (no kids), 20 percent; single, 12 percent. a. younger kids like to read more than older kids. b. younger kids are the only regular buyers of comic books. c. younger kids often have allowance money that they are anxious to spend at comic stores. d. younger kids who read comic books are likely to read them when they are older, which will create a current and future customer base.

Answers

Kids in grade school have a maximum percentage of 32 reasons that Option (d) is the correct answer.

why are the grade-school-aged kids surveyed?

Korey did the market analysis section of his business plan after conducting a population survey of 3,520 homes within a 5-mile radius.

He discovered that younger children who read comic books as children are more likely to read them as adults, resulting in a current and future client base.

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Answer:

Which is the best reason to include in the market analysis component of Korey's business plan explaining why such a high percentage of grade-school aged kids in the surveyed region is good for Korey's store?

a.   Younger kids like to read more than older kids.

b.   Younger kids are the only regular buyers of comic books.

c.   Younger kids often have allowance money that they are anxious to spend at comic stores.

d.   Younger kids who read comic books are likely to read them when they are older, which will create a current and future customer base.<<<CORRECT>>>

Explanation:

2022 EDGE

Experience has shown that 60% of sales are collected in the month of sale and 40% are collected the month after sale. Calculate expected cash collections for the month of april.

Answers

The expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

What is budgeting?

Budgeting is the tactical implementation of a business plan. It is the process of creating a plan to spend your money.

Given the information above,

= Expected sales in March * 60% of sales are collected in the month of sale

= 160,000 X .60

= $96,000

= Expected sales in Feb * 40% cash collected the month after sale

= 150,000 X .40

= $60,000

Expected cash collections for ABC

= $96,000 + $60,000

= $156,000

Hence, the expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

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A government that enforces strict quality requirements for its imported goods is applying what type of trade regulation?.

Answers

A quota, a government imposed trade restrictions that lining the number or monetary value of goods that a country can import or export during a particular period.

Governments can impose import and export limits in addition to abolishing tariffs, levies, or taxes on particular in-demand items. Import quotas regulate the volume or amount of a commodity that may be brought into a nation for a predetermined period of time.

Why do governments regulate imports?

This supports economic growth and maintains a healthy economy. A government may implement certain tariffs to draw consumers' attention back to local firms and thereby shield and safeguard their own economy from the outside competition if the home economy is finding it difficult to compete with international rivals.

Governments primarily use tariffs, subsidies, and quota systems to impose trade restrictions. A quota system places limits on the number of commodities that may be imported into a nation. Governments can limit the number of imports to assist safeguard native businesses by using quota systems.

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Olivia keeps her work desk neat and arranges her files in alphabetical order. She’s demonstrating the professional habit of organization . Chang provides support to his coworkers when they need to interpret the computer codes in some records. He’s demonstrating the professional habit of adaptability .

Answers

Answer:

Which attributes of professional and ethical conduct are Olivia and Chang demonstrating in this scenario?

Olivia keeps her work desk neat and arranges her files in alphabetical order. She’s demonstrating the professional habit of organization.

Chang provides support to his coworkers when they need to interpret the computer codes in some records. He’s demonstrating the professional habit of helpfulness.

Explanation:

The files on Olivia's desk are arranged alphabetically and she keeps her workspace tidy. She is exemplifying the professionalism of organization. When his colleagues need assistance deciphering computer codes contained in some records, Chang offers assistance. He is practicing being helpful in a professional manner.

What do you meant by a work desk?

For academic, professional, or household tasks like reading, writing, or utilizing technology like a computer, a desk or bureau is a piece of furniture having a flat table-style work surface that is used in a school, workplace, home, or places similar to these.

Desks frequently include one or more drawers, compartments, or pigeonholes where objects like office supplies and documents can be kept. Although materials like glass are occasionally encountered, desks are typically built of wood or metal.

Some desks resemble tables, but unlike most typical tables, just one side of a desk is typically acceptable for sitting at (there are notable exceptions, such as a partners desk). Some desks don't take the shape of a table; one example is an armoire desk

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________ analytics finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints.

Answers

It should be noted that Extension of goal-seeking analysis, finds the optimum value for a target variable .

What is Goal seeking?

Goal seeking serves as one of the tools used in "what-if analysis" on computer software programs.

This analysis is performed by repeatedly changing other variables, subject to specified constraints.

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Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, what is her increase in property tax?

Answers

Answer:

$126

Explanation:

To solve, find the amount of property tax at $67,000, then find the amount of property tax at $71,000 and subtract the amounts.

Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, Then her increase in property tax will be $126.

What is tax?

The taxes are mandatory contributions, that are levied on individuals or corporations by a government entity—whether local, regional, or national.

The tax revenues are basically used for financing government activities, including public works and services such as construction of roads, hospitals and schools, or programs such as Social Security, old age pension and Medicare.

In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.

Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, Then her increase in property tax will be $126.

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When roberto interviews for a job, he emphasizes how he can partner with the company to help it adapt to meet challenges.

Answers

A New Social Contract is emphasized by Roberro when he explained that he will help the company to adapt to meet challenges.

What is a New social contract?

These are social contracts that helps to bring about equitable prosperity for a firm.

They are usually based on principles that includes:

stakeholder capitalismskill developmenteconomic security etc

In conclusion, the New Social Contract is emphasized by Roberro when he explained that he will help the company to adapt to meet challenges.

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Regina is creating her competitive analysis. She understands why it's important to know her direct competitors, but she's not sure why indirect competitors matter. She asks you if indirect competitors are important to know about. What should you say?

Answers

Regina should understand that indirect competition is important to understand because the different product fulfills the same customers needs.

What is competitive analysis?

A competitive analysis simply means a marketing strategy that's reunited to have edge over other competitors.

In this case, Regina should understand that indirect competition is important to understand because the different product fulfills the same customers needs.

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Cerina likes to make products while ensuring that accidents are kept to a minimum. Which career pathway would be the best fit for Cerina? Maintenance, Installation, and Repair Quality Assurance Logistics and Inventory Control Health, Safety, and Environmental Assurance.

Answers

Cerina enjoys creating items while keeping accidents to a minimum. Cerina's work path would be most suited to health, safety, and environmental assurance.

What do the health, safety, and environmental career fetch?

Employees in the Health, Safety, and Environmental (HSE) Assurance department make certain that:

In the workplace, the equipment is used safely.

Plan for safety in new manufacturing processes.

Conduct incident and hazard investigations in the areas of health, safety, and/or the environment.

Conduct incident and hazard inspections for health, safety, and/or the environment.

Implement programs, projects, policies, or procedures related to health, safety, and/or the environment.

Therefore, option (d) is the correct answer.

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Answer: Healthy,D-safety and Environmental assistance

Explanation: got it correct

When a manufacturer produces several products that are substitutes for one another and others that complement these products, it should use Blank______.

Answers

It is important that a manufacturer uses a Product-line pricing when its produces products that serves as substitutes for one another and others that complement these products.

What is a Product-line pricing?

This is product pricing strategy that is implement when a firm has more than one product in a product line.

The pricing strategy ensured the profitability is achieved by a firm in the market.

Therefore, the pricing strategy is imporant to use when a products serves as substitutes for one another.

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Why are employment and age certificates typically required?.

Answers

Answer:

They protect employers from hiring someone that is too young.They indicate the minor has the proper training to work.They guarantee the minor will be hired.

Explanation:

hope this helps

An important feature of supply chain management is its application of sophisticated information technology that allows companies to.

Answers

The most significant feature of supply chain management is its application of sophisticated information technology.

What is supply chain management?

Supply chain management is the administration of the movement of goods and services and it encompasses all procedures that turn raw materials into finished items.

The most significant feature of supply chain management is its application of sophisticated information technology allows companies to:

Share and operate systems for border processing, Transportation schedules, inventory, andFacility management.

It entails actively simplifying a company's inventory and supply processes in order to increase customer value and achieve a competitive edge in the industry.

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