Silver Inc. is an S corporation. This year it earned $60,000 of taxable income and paid a $10,000 distribution to Daisy, its sole shareholder. Daisy has a marginal tax rate of 24%. Due to the corporation's results and the distribution paid, the IRS will receive total taxes of
A. $14,400.
B. $9,000.
C. $14,100.
D. $27,000.
Answer: A
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Monarch Company uses a weighted-average perpetual inventory system and has the following purchases and sales: January 120 units were purchased at $10 per unit.January 1212 units were sold.January 2018 units were purchased at $11 per unit. What is the value of cost of goods sold?
A. $120. B. $278. C. $272. D. $398. E. $126.
Jason has no need for recognition in his job. He is more interested in his team succeeding and the greater good of their community. What type of values-based leadership style is he exhibiting?
a. Authentic leadership b. Spiritual leadership c. Servant leadership d. Ethical leadership
Which of the following statements about communication processes is(are) true?
A. Targeting is important in both traditional and customer-initiated interactive communication.
B. The seller starts the communication in the traditional communication process
C. Noise can distract the process in traditional and customer-initiated interactive communication.
D. The buyer starts the communication in the customer-initiated interactive communication process.
E. All of these statements about communication processes are true.
Most states have __________ statutes, which can subject an out-of-state defendant to jurisdiction within the state
a. in personam b. in rem c. long-arm d. diversity