Packard Corporation reported taxable income of $1,000,000 in 20X3 and paid federal income taxes of $340,000. Included in the taxable income computation was a dividends received deduction of $5,000, a net capital loss carryover from 20X2 of $10,000 utilized in 20X3, and gain of $50,000 recognized on the collection of cash from an installment sale that took place in 20X1. The corporation's current E&P for 20X3 would be:

Answer:

$695,000

Explanation:

The corporation's current Earning & Profit for 20X3 would be:

Particulars                               Amount

Taxable income                     $1,000,000

Less: Federal tax                   $340,000  

Balance                                  $660,000

Add: Gain                               $50,000

Less: Net capital loss            $10,000

Less: Deduction                     $5,000    

Current Earnings and Profit $695,000

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A government that wants to keep prices stable would most likely take which
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The Clean ’n Green recycling company identified 150 apartment complexes (worth~$500K annually in potential contracts) that don’t offer recycling for tenants even though tenants have requested the service. A recent change in city laws mandates that large apartment complexes must recycle. The city is offering a subsidy to cover the first two years of a recycling service to ensure the law can be met. Clean ’n Green has not contacted the complex owners yet. Which one of the criteria for defining a potential market is missing from this analysis?

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Complete the statements based on the information.

The individuals in the study are
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The variable in the study is
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If you do not have a Social Security number, you can apply for one.
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Pamela cantu operates a school foodservice department in a small, rural community. She feeds approximately 1,000 students per day in three different locations. She receives an average of $1.20 in revenues per meal. Her budget, set at the beginning of the school year by the superintendent, is developed in such a way that a small amount is to be reserved for future equipment purchases and dining-room renovation. These funds are available, however, only if pamela meets her budget. She hopes to use this year's reserve (profit) to buy a $5,000 refrigerated salad bar for the high school. Because it is the midpoint of her school year, help her determine her "performance to budget" thus far (fill in all blanks).

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Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Madeline is living at home and works in a shoe store, earning a gross income of $1,100 per month. Her employer deducts a total of $240 for taxes from her monthly pay. Madeline also pays $150 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $210 per month.

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which of the these best describes the tax rates shown to the graph?
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B-as income increases,the percentage of tax paid increases.
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D-for all income levels, the percentage of tax paid less than 20% ​

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Lucinda works for a city fire department. She is creating a podcast about first-responder safety for firefighters. Which phrase best describes the purpose of her podcast?

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Margaret is a nun. She teaches world religions at the local high school and students often describe her as someone they can talk to without feeling judged. They also say she really seems to understand the difficulties of a teenager. Which qualifications most likely help Margaret get those reviews?


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knowledge of counseling strategies, and organizational skills for planning activities

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What would happen to the document if the change “A” is pointing to was accepted?

a. The selected sentence would be inserted.

b. The comment would be deleted.

c. There would be no changes.

d. The selected sentence would be removed.

Please select the best answer from the choices provided
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