Business, 10.03.2020 02:09, Yailynn7004

In the current year, Azure Company has $350,000 of net operating income before deducting any compensation or other payment to its sole owner, Sasha. In addition, Azure has interest on municipal bonds of $25,000. Sasha has significant income from other sources and is in the 37% marginal tax bracket. Based on this information, determine the income tax consequences to Azure Company and to Sasha during the year for each of the following independent situations. (Ignore the deduction for qualified business income and the 3.8% Medicare surtax on net investment income.) Azure is a C corporation and pays no dividends or salary to Sasha. Azure is a C corporation and distributes $75,000 of dividends to Sasha. Azure is a C corporation and pays $75,000 of salary to Sasha. Azure is a sole proprietorship, and Sasha withdraws $0. Azure is a sole proprietorship, and Sasha withdraws $75,000.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:40, alix1234567888

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

Answers: 3

continue

Business, 22.06.2019 13:30, starlodgb1971

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Answers: 3

continue

Business, 22.06.2019 18:00, HistoryLee

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

Answers: 1

continue

Business, 22.06.2019 18:00, firesoccer53881

If you would like to ask a question you will have to spend some points

Answers: 1

continue

Do you know the correct answer?

In the current year, Azure Company has $350,000 of net operating income before deducting any compens...