Calculate the corporate tax liability in each of the following circumstances:
a. X Corporation has taxable income of $250,000 for its current calendar tax year.
b. Y Corporation has $1,600,000 in taxable income for the current tax year.
c. Z Corporation has taxable income of $100,000, before capital gains and losses, a short-term capital loss of $30,000, and a long-term capital gain of $10,000 in the current tax year.
a. $80,750 = $22,250 + 39% × ($250,000 - $100,000)
b. $544,000 = $113,900 + 34% × ($1,600,000 - $335,000)
c. $22,250 on taxable income of $100,000
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Answer the following statements true (T) or false (F)
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What bodily tendencies should a manager look for to detect dishonesty during the interview process?
a. lessened eye contact and increased blinking b. none, because they are not reliable c. lack of detail and pauses in responses d. odd breathing and sweating
What is it called when individuals feel they can speak up without fear of being embarrassed or rejected? This is a by product of open, supportive communication.
A. psychological safety B. psychological capital C. collective rationalization D. mismanaged agreement
In the long run, firms must approach outsourcing decisions based on cost alone to strengthen their core capabilities.
Answer the following statement true (T) or false (F)