Corporate taxable income after December 31, 2017 is taxed at a flat rate of 21%.
Answer the following statement true (T) or false (F)
True
You might also like to view...
An advantage of the mail survey is ______.
a. very high response rates b. Guests remember more upon reflection at home. c. convenience to the guest d. It provides evidence of the organization’s interest in guest opinions.
A partner invests into a partnership a building with a $50,000 carrying value and $40,000 fair market value. The related mortgage payable of $25,000 is assumed by the partnership. The entry to record the investment in partnership is:
A) Building 50,000 Mortgage Payable 25,000Capital 25,000 B) Building 40,000 Mortgage Payable 25,000Capital 15,000 C) Building 50,000 Loss 10,000Mortgage Payable 25,000Capital 35,000 D) Capital 50,000 Loss 10,000Mortgage Payable 25,000Building 35,000
Short-term capital gain is eligible for a special tax rate only when it exceeds long-term capital gain.
Answer the following statement true (T) or false (F)
A principal is liable for all torts committed by an agent
Indicate whether the statement is true or false