Gwen's marginal tax bracket is 24%. Under the terms of a divorce decree settled in 2018, Gwen pays alimony of $24,000 per year. Gwen's after tax cost for the $24,000 payment is
A. $0.
B. $24,000.
C. $18,240.
D. $5,760.
Answer: C
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The investor carrying an investment by the equity method records cash dividends received as an increase in the carrying amount of the investment
a. True b. False Indicate whether the statement is true or false
Radiant Phone Company and Precision Works, Inc. (PWI), enter into a contract for the sale of a certain quantity of cell-phone parts, with PWI to determine the price. The price must be set according to
A. the concept of good faith. B. the principle of fair trade. C. the predominant-factor test. D. the doctrine of unconscionability.
Business and organizational customers are selective buyers who buy for the sole purpose of resale.
Answer the following statement true (T) or false (F)
Regarding Affirmative Action plans, which of the following is true?
a. it may be used to remedy a "manifest imbalance" b. the imbalance must meet the four-fifths rule c. the imbalance must have resulted from past discrimination d. all of these are true