Dr. Stone incorporated her medical practice and elected to use a fiscal year ending September 30. For the fiscal year ending September 30, 2019, the corporation earned $40,000 profits each month, before Dr. Stone’s salary and income tax. Dr. Stone received a salary that averaged $30,000 per month. Next year (fiscal year ending September 30, 2020), Dr. Stone expects the average monthly profits before salary and taxes to be $48,000. What is the minimum salary Dr. Stone can receive for the last three months of calendar year 2019 to ensure that the corporation can deduct salary equal to the corporation’s before salary income for the fiscal year ending September 30, 2020?
What will be an ideal response?
The corporation must pay Dr. Stone a salary of $144,000 ($48,000 × 3) for the last three months of 2019. This means that she is receiving the same as her average 2019 fiscal year monthly salary. Then, in 2020, her salary can be raised so that the total income for the fiscal year, $576,000 (12 × $48,000) is paid as salary.
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Which of the following is true about a decision support system (DSS)?
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After the passage of the Single European Act, the EU went from qualified voting to the requirement of unanimous consent
Indicate whether the statement is true or false
Describe Web 1.0 along with ebusiness and its associated advantages.
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