What are the controlling interest percentage for a business combination tax return?

Q: a. Calculate the firm's tax liability.

A: A firm's tax liability refers to the total amount of tax debt owed by corporation to a government.…

Q: business taxation.

A: Business taxation  is about taxing the business. This is a term associated with the normal business…

Q: Account for corporate income taxes; explain the effects of these taxes onbefore-tax profits and…

A: Corporate income taxes are taxes paid by companies on their income

Q: Explain how does the company’s effective tax rate calculated.

A: Effective interest rate:   An effective interest rate is the real return on savings account or any…

Q: Which business enterprises pay untaxed profits to owners/partners who then pay the taxes on their…

A: Profits are referred to as the gains which a business earns when it sells the good or provides the…

Q: What are the two types of income tax return

A: Answer: Income tax return is the return that is filed for purpose to file income tax due to be paid…

Q: How to calculate capital gain tax

A: Capital gain is one of the income heads under the Income Tax Act. It includes the gains arising to…

Q: Define the term Corporate taxable income?

A: Definition: A corporate tax is a type of direct tax that is levied by the state on the income of a…

Q: explain two rationale for changing basis period by companies from tax perspectives

A: Changing the basis period of companies is the change in the accounting date of the company which…

Q: What is corporate income tax and value added tax and its use?

A: Both corporate income tax and value added tax are taxes that have to be paid to the government. The…

Q: What is the final tax rate of dividend income earned by a domestic corporation from another domestic…

A: Correct option is D. None    final tax rate of dividend income earned by a domestic corporation from…

Q: What are the capital assets subject to capital gains tax?

A: capital assets are significant piece of property which may be the home ,cars investment property…

Q: For flow-though business entities with individual owners, how many times is flow-through entity…

A: Flow Through Entities: It is a legal business entity that passes income on to the owners of the…

Q: similarities between income taxation and business taxation?

A: Income taxation and business taxation are terms used related to taxation.

Q: Which of the following is added to a taxpayer’s gross income from business in computing the total…

A: Gross Income - It is the amount of total income earned during the particular period from all sources…

Q: tax

A:

Q: What does the Miller model with personal and corporate taxes implyabout value relative to the MM…

A: Answer: The Modigliani and miller approach states that, aside from the risk inherent in the project,…

Q: analyze disclosures relating to deferred tax items and the eff ective tax rate reconciliation,and…

A: Disclosures relating to deferred tax items can provide valuable information to the analysts. But the…

Q: Identify the correct formula about Income from continuing operation. Net profit before tax - sales…

A: Income from Continuing operation is the Oprating profit is the profit before tax

Q: ​In which two ways is corporate profits tax similar to the payments to common shareholders (owners)…

A: Shareholders are entitled to share in the company's profits. A corporate tax, also called…

Q: What is your firm’s tax expense in its latest financial statements?

A: The tax expenses in the financial statement of the company refers to the amount of taxes paid by the…

Q: l financing affects tax liability

A: Step 1 Debt financing is well regulated under U.S. tax law. Businesses can deduct interest payments…

Q: What are the benefits or advantages of filing a consolidated income tax return?

A: The consolidated tax return represents the single tax return of the affiliated group of companies.…

Q: This dividend is subject to normal income tax

A: We know that dividend received till 31st March 2020 was exempt because company pay off dividend…

Q: Corpor

A: A corporation is a legal body that is separate and distinct from its stockholders. Under the…

Q: Which of the following dividend income is tax exempt? Dividend income received from

A: As per BIR, Dividend received by domestic or resident foreign corporation from another domestic…

Q: a. Find the marginal tax rate for the fo corporate earnings before taxes: $1

A: Marginal tax rate = Tax amount/Pre tax income

Q: What is the total tax expense?

A: Income Before tax is Given. Tax rate will be applied to the Income before tax

Q: What are the advantages to a business combination filing a consolidated tax return? Considering…

A: Income tax expense:   The expenses which are related to the taxable income of the individuals and…

Q: What are the four small business concession for Capital Gain Tax?

A: The SBC will enable you to considerably reduce any capital gains tax (CGT) that you may pay on the…

Q: how is income tax expense calculated?

A: Income tax expense is form of direct tax which needs to be paid by individual or business…

Q: how company's financial statement reflects the potential tax avoidance? For example?

A:

Q: Discuss the following: a. Differentiation of individual taxpayers b. Classifications of passive…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: How does income taxation differs from transfer and business tax?

A: Income tax is a direct tax that governments impose on income generated by individuals and business…

Q: Explain how an investor in an equity REIT may receive a current dividend, part of which may be…

A: Introduction: Equity REITs requires a direct investment in restaurants, shopping malls and office…

Q: Qualified dividends are taxed for individual stockholders Seleccione una: a. at the corporate tax…

A: qualified dividends : it is  dividend that falls under capital gains tax rate that are lower than…

Q: What is intraperiod tax allocation and why is it necessary? How is the income tax expense related to…

A: Income tax seems to be the amount of tax collected by the federal government on the earnings of…

Q: b. What are the tax consequences of the distribution to Crimson Corporation? After the distribution…

A: A non-liquidating distribution made by a business organization is: A dividend to the extent of…

Q: The general rule in income taxation is   capital gains taxation. regular income taxation fringe…

A: Answer: The income taxation covers many aspect of income sources. It includes salary, capital gains…

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.