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Monday, August 12, 2013

Week 1 Fi 515

Week 1 2-6 In its most recent financial realmments, Newhouse Inc. reported $50 meg of lolly income and $810 one thousand one million million million of retained pay. The previous retained earnings were $780 million. How much in dividends was paying(a) to sh arholders during the year? Dividend paid = antecedent Balance retained earning + brighten income - Recent retained earning Dividend = $780 million + $50 million - $810 million= $830 million - $810 million= $20 million dividends paid. 2-7 The Talley throne had a measure revenueable income of $365,000 from operations after(prenominal) all in operation(p) be but before (1) use up charges of $50,000, (2) dividends receive of $15,000, (3)dividends paid of $25,000, and (4) income evaluate incomees. What be the firms income tax liability and its after-tax income? What be the political partys peripheral and average tax place on taxable income? fit to page 72 of our book, for a corporation, 70% of dividends received be excluded from taxes; so taxable dividends are compute with the remained 30%. enjoinable operating income $ 365,000 taxable recreate ($ 50,000) dutiable dividend received $4,500 15,000*(1 - 0.70) = inwardness taxable income$ 319,500 The marginal drift for this society is 39% (found on page 71) The non-taxable dividends are: $15,000 * 0.
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7 = $ 10,500 The tax is: Tax Liability =$ 22,250 + (319,500 ± 100,000)*0.39 = $ 107,855 after Tax-income: assessable income $ 319,500 Taxable ($ 107855) Non-taxable dividend stock 15000*(0.70) $ 10,500 sort out income $ 222,145 amount tax rate = Taxable interest income / Taxable operating income= 107855 / 319500 = 0.337574 *100%= 33.7574 = 33.76 %Average tax rate is 33.8 % 2.9 The Shrieves Corporation has $10,000 that it plans to practice in marketable securities. It is choosing among AT&T bonds, which egress 7.5%, state of Florida muni bonds, which yield5% (but are not taxable), and AT&T prefer stock, with a dividend yield of 6%. Shrievess corporate tax rate is 35%, and 70% of the dividends received are tax...If you loss to blend in a full essay, orderliness it on our website: Ordercustompaper.com

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