Suppose a taxpayer invests $100,000 in a partnership. the taxpayer faces a personal tax rate of 70% and a tax rate on capital gains of 28%. in the first year, the partnership spends the entire $100,000 on research, which the taxpayer can claim as a deduction agains her other income. in the second year, the partnership sells the developed technology, and the taxpayer's share of the sale price is $50,000, which is taxed as a capital gain. (ignore the time value of money in your answer.) a. what is the pretax rate of return to the taxpayer?
b. what is the after-tax rate of return to the taxpayer?

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Why do police officers get paid less than professional baseball players?