receipts from services 75,000 dividend income 5000 interest from municipal bonds 2,000 additional capital from shareholders 10,000 wages & rent 30,000 fines 2,000 section 179 exp 20,000
receipts from services 75,000 dividend income 5000 interest from municipal bonds 2,000 additional capital from shareholders 10,000 wages & rent 30,000 fines 2,000 section 179 exp 20,000
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter16: Multijurisdictional Taxation
Section: Chapter Questions
Problem 1BCRQ
Related questions
Question
Compute the taxable income & Earnings and profit for a corporation
receipts from services
| receipts from services | 75,000 | ||||
| dividend income | 5000 | ||||
| interest from municipal bonds | 2,000 | ||||
| additional capital from shareholders | 10,000 | ||||
| wages & rent | 30,000 | ||||
| fines | 2,000 | ||||
| section 179 exp | 20,000 | ||||
| estimated fed tav pd | 5,000 | ||||
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