Tax Havens Nike earned more than $10 billion in U.S. profits from 2008 to 2015 but only paid 18.6 percent in U.S. federal taxes during this time. One way Nike managed this low U.S. tax rate was by shifting large portions of its domestic profits into offshore tax haven subsidiaries that hold its trademarks, patents, and technology. The U.S. parent company then paid royalties to that subsidiary and subtracted those payments from its own parent U.S. tax bill as business expenses. Read article https://itep.org/tax-avoidance-nike-just-did-it-again-moving-1-5-billion-offshore-last-year/ .
Let's create a simple example of how the tax havens worked (this is very simplified assuming pre-2018 tax law, just so you understand the big picture of how tax havens work; but note, tax laws and rates change over time!). Assume Nike set up a Bermuda subsidiary to hold the Nike trademarks, patents, and technology, at a time when the U.S. corporate tax rate was 35% and the Bermuda corporate tax rate was 0%. In year 20XX, assume Nike earned $10 billion in U.S. profits (before licensing payment to subsidiary), and paid $6 billion to the Bermuda subsidiary for the right to license the Nike Trademarks, patents, and technology.
For questions 1 and 2, further assume that Nike does not repatriate any profit from the Bermuda subsidiary to the U.S. (again, we are keeping this really simple, no need to overthing, it's just to get the big picture point)
1. What was the total that Nike owed in U.S. income tax in year 20XX?
2. What was Nike's total tax savings in year 20XX due to setting up the Bermuda subsidiary?
3. How much would Nike owe in additional U.S. taxes if it repatriated the Bermuda profits back to the U.S. (when the U.S tax rate was 35%)?

Answers

Answer 1

Nike would owe $3.5 billion in U.S. income tax in year 20XX (35% of $10 billion in U.S. profits).Nike's total tax savings in year 20XX due to setting up the Bermuda subsidiary would be $3.5 billion (the amount of U.S. income tax owed, minus the $0 tax rate in Bermuda).

If Nike repatriated the Bermuda profits back to the U.S. when the U.S. tax rate was 35%, they would owe an additional $2.1 billion in U.S. taxes (35% of the $6 billion paid to the Bermuda subsidiary for licensing).
In year 20XX, Nike's U.S. profits before the licensing payment to the Bermuda subsidiary were $10 billion. After paying $6 billion in royalties to the Bermuda subsidiary, Nike's U.S. taxable income is reduced to $4 billion ($10 billion - $6 billion). With a 35% U.S. corporate tax rate, Nike would owe $1.4 billion in U.S. income tax ($4 billion x 35%).

Bermuda subsidiary, Nike's U.S. taxable income would have been $10 billion, and they would owe $3.5 billion in U.S. taxes ($10 billion x 35%). By setting up the Bermuda subsidiary and paying $6 billion in royalties, Nike's U.S. tax liability was reduced to $1.4 billion. Therefore, Nike's total tax savings in year 20XX due to the Bermuda subsidiary was $2.1 billion ($3.5 billion - $1.4 billion).

To know more about  Bermuda subsidiary visit:-

https://brainly.com/question/13987756

#SPJ11


Related Questions

on december 1, victoria company signed a 90-day, 6% note payable, with a face value of $14,400. what amount of interest expense is accrued at december 31 on the note? (use 360 days a year.)

Answers

The amount of interest expense accrued at December 31 on the note is $74.40.

To calculate the interest expense accrued at December 31 on the note, we first need to find the number of days between December 1 and December 31.

December has 31 days, so the number of days between December 1 and December 31 is 31.

Next, we can use the formula:

Interest expense = Principal x Rate x Time

where:

Principal = $14,400

Rate = 6%

Time = (31 days) / (360 days in a year)

Time is expressed as a fraction of a year because the interest rate is an annual rate.

Plugging in the values:

Interest expense = $14,400 x 0.06 x (31/360)

Interest expense = $74.40

To know more about interest rate refer here

https://brainly.com/question/13324776#

#SPJ11

which of the following are not remedies available to the principal when an agent has breached the duty of loyalty?rescissiondisgorgementdisclosuredisposal

Answers

When an agent breaches the duty of loyalty, there are certain remedies available to the principal. However, among the terms you've mentioned - rescission, disgorgement, disclosure, and disposal - the options that are not remedies for such a breach are disclosure and disposal.

Rescission is a remedy available to the principal where the contract can be undone, or cancelled, to return both parties to their pre-contractual position. This is used when an agent has violated the duty of loyalty by engaging in activities that harm the principal's interests.

Disgorgement is another remedy where the agent is required to give up any profits or gains they made through the breach of duty. This discourages agents from taking advantage of their position for personal benefit at the principal's expense.

Disclosure, on the other hand, is not a remedy for the breach itself but rather a preventative measure. Agents are required to disclose any conflicts of interest, but the act of disclosure alone cannot resolve the breach once it has occurred.

Disposal is unrelated to a breach of duty of loyalty in agency relationships. It generally refers to the act of discarding, selling, or transferring assets, and does not serve as a remedy in this context.

To summarize, disclosure and disposal are not remedies available to the principal when an agent breaches the duty of loyalty. Instead, rescission and disgorgement are appropriate remedies in such situations.

For more about agent breaches:

https://brainly.com/question/29816310

#SPJ11

52Q. If a member of the media contacts the club regarding a crisis incident, you should refer them to:

Answers

If a member of the media contacts the club regarding a crisis incident, it is essential to have a designated spokesperson or media relations team to handle the situation. The spokesperson should have proper training and expertise in dealing with the media, crisis communication, and handling sensitive information.

The spokesperson should avoid speculation or guessing and stick to the facts. They should provide accurate information, but only what is necessary and approved by the organization. It is crucial to remain calm and composed during the interview, and not let emotions affect the answers.
In addition to the spokesperson, the organization should have a media policy that outlines how to handle media requests, what information can be shared, and who can speak on behalf of the organization. The media policy should also have clear instructions on how to handle crisis situations, who should be contacted, and how information should be communicated to the public.
If the spokesperson is not available, or if the media inquiry is outside of their area of expertise, they should refer the media to someone who can provide the necessary information. The spokesperson should also avoid making any statements or providing comments on behalf of the organization without proper authorization.
In summary, in case of a crisis incident, it is crucial to have a designated spokesperson or media relations team with proper training and expertise to handle media inquiries. The organization should also have a media policy in place with clear instructions on how to handle media requests and crisis situations.

For more such questions on communication

https://brainly.com/question/25020821

#SPJ11

what are the uses and limitations of performance advertising? what is the tension between performance and brand advertising?

Answers

Performance advertising is a specific type of advertising that aims to achieve a particular goal quickly. However, it may not be effective for building long-term brand awareness. There is tension between performance and brand advertising because they have different purposes and goals.

Performance advertising is a type of advertising that is designed to achieve a specific goal, such as generating clicks, leads, or sales. Its primary use is to help businesses reach a targeted audience and drive results quickly.

Performance advertising is often used in digital marketing campaigns, such as paid search and social media advertising. One of the limitations of performance advertising is that it may not be effective for building long-term brand awareness.

While it can be effective for driving short-term results, it may not help businesses establish a strong brand identity or emotional connection with their audience.

The tension between performance and brand advertising lies in the fact that they serve different purposes and can have different goals.

While performance advertising is focused on achieving specific results, such as generating leads or sales, brand advertising is focused on building a brand image and establishing an emotional connection with the audience.

The challenge for businesses is to find the right balance between these two types of advertising to achieve their marketing objectives.

To know more about advertising refer here:

https://brainly.com/question/28384695#

#SPJ11

watch the following video featuring author eric foner. what was the freedom train, and how did it reflect the political and social concerns of the time?

Answers

The Freedom Train was a traveling exhibition of American historical documents that toured the country from 1947 to 1949.

The train carried some of the nation's most important founding documents, such as the Declaration of Independence and the Constitution, as well as other significant documents from American history. The exhibit was intended to promote patriotism and civic engagement, particularly in the aftermath of World War II and during the Cold War.

According to Eric Foner, the Freedom Train reflected the political and social concerns of the time by emphasizing the importance of American democracy and the values it represented.

The train's exhibits presented a sanitized and idealized version of American history that emphasized the nation's progress towards greater freedom and equality, while ignoring the realities of racial and economic inequality that persisted throughout the country.

By promoting this vision of America, the Freedom Train sought to bolster public confidence in the nation's democratic institutions and promote a sense of national unity and purpose in a time of political and social upheaval.

Overall, the Freedom Train was an attempt to shape public opinion and promote a particular vision of American identity and values during a tumultuous period in American history.

To know more about Freedom Train refer to-

https://brainly.com/question/6782718

#SPJ11

Gibson corporation expects to incur indirect overhead costs of $171,825 per month and direct manufacturing costs of $19 per unit. the expected production activity for the first four months of the year are as follows. january february march april estimated production in units 5,100 7,100 3,600 7,900 Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year.

Answers

Gibson Corporation's predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year is $27.82 per unit.

To calculate the predetermined overhead rate, we need to divide the total expected indirect overhead costs by the total number of units expected to be produced during the first four months of the year.

Total indirect overhead costs for the first four months = $171,825 x 4 = $687,300

Total number of units expected to be produced for the first four months = 5,100 + 7,100 + 3,600 + 7,900 = 24,700 units

Predetermined overhead rate = Total indirect overhead costs / Total number of units expected to be produced

Predetermined overhead rate = $687,300 / 24,700 units

Predetermined overhead rate = $27.82 per unit

Therefore, For each unit of product manufactured during the first four months, an additional $27.82 will be added to the direct manufacturing costs of $19 per unit to cover the indirect overhead costs. This rate will be used to allocate the overhead costs to each unit of product produced during the first four months of the year.

For more such questions on Predetermined overhead rate.

https://brainly.com/question/29829712#

#SPJ11

T/F the term certificate authority (ca) refers to a trusted repository of all public keys.

Answers

A Certificate Authority (CA) is a trusted entity that issues digital certificates that validate the identity of an entity, such as a website or an individual.

A digital certificate is a digital document that contains a public key and identifying information about the entity that owns the key. The CA is responsible for verifying the identity of the entity and issuing the certificate. While the CA is responsible for managing the issuance and revocation of digital certificates, it is not a repository for all public keys. Public keys are typically managed by the entities themselves, and the certificates issued by the CA serve to validate the ownership of those keys.

In summary, the statement that the term Certificate Authority refers to a trusted repository of all public keys is false. This is a complex topic that requires a detailed answer to fully explain.

Learn more about an entity

https://brainly.com/question/6892480

#SPJ11

Acquisition Cost Cox Company recently purchased a machine by issuing 950 shares of stock selling for $10 per share. In addition to the purchase price, Cox incurred the following costs related to the machine: freight charges, $800; special foundation for machine, $400; and installation costs, $1,100. Required: Determine the cost of the machine.

Answers

The cost of the machine is $11,800.

The cost of the machine includes the purchase price and any additional costs directly attributable to bringing the machine to its intended use. Therefore, the cost of the machine is calculated as follows:

Purchase price = 950 shares x $10/share = $9,500

Additional costs:

Freight charges = $800

Special foundation for machine = $400

Installation costs = $1,100

Total additional costs = $800 + $400 + $1,100 = $2,300

Cost of the machine = Purchase price + Total additional costs

Cost of the machine = $9,500 + $2,300

Cost of the machine = $11,800.

Learn more about machine here:

https://brainly.com/question/2555822

#SPJ11

What are the advantages and disadvantages of using a nation aspoint of reference for a culture? *

Answers

While using a nation as a point of reference for culture has some advantages, it's important to recognize the potential drawbacks and strive for a more inclusive understanding of the various cultures that make up a nation.

The advantages and disadvantages of using a nation as a point of reference for a culture are as follows:

Advantages:
1. Easy identification: Associating a culture with a nation helps in easily identifying and understanding the culture in question.

2. Fostering national unity: Emphasizing a national culture can bring people together and promote a sense of belonging among citizens.


Disadvantages:
1. Oversimplification: Using a nation as a reference may lead to oversimplification, as it might overlook the diverse subcultures and variations present within the nation.

2. Ignoring minority cultures: This approach might result in the marginalization of minority cultures and their contributions to the nation's cultural fabric.

In conclusion, while using a nation as a point of reference for culture has some advantages, it's important to recognize the potential drawbacks and strive for a more inclusive understanding of the various cultures that make up a nation.

To know more about reference for culture refer here: https://brainly.com/question/17206811#

#SPJ11

Which of the following situations is most likely to strengthen the yen's value against the dollar? Assume everything else is held constant.
a. a reduction in Japan's inflation accompanied by an increase in Japan's interest rates
b. an increase in U.S. inflation accompanied by no change in U.S. nominal interest rates
c. a reduction in U.S. inflation accompanied by an increase in U.S. interest rates
d. a reduction in U.S. inflation accompanied by an increase in Japan's inflation

Answers

Out of the given situations, a reduction in U.S. inflation accompanied by an increase in Japan's inflation is most likely to strengthen the yen's value against the dollar.

When the U.S. inflation rate reduces, the demand for dollars decreases, and hence the value of the dollar weakens. Conversely, when Japan's inflation rate increases, the demand for yen increases, which leads to a strengthening of the yen. Therefore, in this situation, there would be a decrease in demand for the dollar and an increase in demand for the yen, causing the yen to appreciate against the dollar. This scenario would make Japanese goods relatively more expensive for U.S. consumers, and U.S. goods would become cheaper for Japanese consumers, leading to a shift in demand towards U.S. goods and a decline in demand for Japanese goods. This shift in demand would increase the demand for dollars and reduce the demand for yen, further contributing to the strengthening of the yen against the dollar.

to know about inflation visit:

https://brainly.com/question/30112292

#SPJ11

In the Operating Cashflow tab, revenues increase at 3% per year while most expenses increase at 4% per year. It is also true that revenues increase more than expenses do each year for the first 20 years. Conceptually speaking, how are all three of those facts true simultaneously?

Answers

In the Operating Cash Flow tab, it is possible for revenues to increase at a rate of 3% per year and most expenses to increase at 4% per year, while revenues still increase more than expenses each year for the first 20 years. This can be conceptually understood by considering the base values of revenues and expenses, and the effect of compounding growth rates on these values over time.

Initially, revenues must be significantly higher than expenses to ensure that even with a lower growth rate, the absolute increase in revenues is greater than the absolute increase in expenses. For example, if the starting revenue is $100,000 and expenses are $50,000, a 3% increase in revenues would be $3,000, while a 4% increase in expenses would be $2,000. In this scenario, revenues would still increase more than expenses.

As years progress, both revenues and expenses grow, but the base value difference and the effect of compounding ensure that the absolute increase in revenues remains higher than the absolute increase in expenses for the first 20 years. This indicates that the company is effectively managing its expenses relative to its revenues, maintaining a positive operating cash flow over this period.

In summary, the simultaneous occurrence of these three facts is a result of the initial differences in the base values of revenues and expenses, and the compounded growth rates over time. This scenario reflects a sustainable financial model that allows for continued expansion while keeping expenses in check during the first 20 years.

Know more about Operating Cash Flow here:

https://brainly.com/question/13610122

#SPJ11

As the reliability of an instrument increases, the standard error of measurement _______.a. decreasesb. increasesc. could either increase or decrease d. is unaffected

Answers

As the reliability of an instrument increases, the standard error of measurement a) decreases.

Reliability refers to the consistency and stability of an instrument's results over repeated measurements. Standard error of measurement, on the other hand, estimates the amount of variability in a set of test scores due to measurement errors.

When an instrument becomes more reliable, it means that there are fewer inconsistencies and errors in its measurements. As a result, the variability in the test scores caused by measurement errors is reduced, leading to a decrease in the standard error of measurement. A lower standard error of measurement indicates that the test scores are more precise and less influenced by random errors, providing a more accurate representation of the true scores.

In summary, an increase in reliability leads to a decrease in the standard error of measurement, improving the precision and accuracy of the test scores.

Therefore, the correct answer is a) decreases.

Learn more about Reliability here: https://brainly.com/question/28343205

#SPJ11

reginald hires sophia to deliver pizzas for his restaurant. all goes well at first. but one night, sophia decides to go to a concert instead of delivering pizzas. she delegates her delivery tasks to rosemary, who accepts the delegation and agrees to deliver the pizzas. however, instead of delivering the pizzas, rosemary takes the pizzas home to her family. at the end of the evening, reginald has many unhappy customers, and wants to sue for breach of contract to recover the income he lost for the evening. reginald should be able to sue:

Answers

Reginald can sue Sophia for breach of contract for failing to fulfill her duties as a pizza delivery person.

However, he may not be able to sue Rosemary unless there was a specific agreement between Sophia and Rosemary that Rosemary would be responsible for the deliveries in case Sophia couldn't make it. If such an agreement existed, then Reginald could also sue Rosemary for breach of contract.
Reginald should be able to sue Sophia for breach of contract. In this situation, Sophia was hired by Reginald to deliver pizzas, but she delegated her tasks to Rosemary without Reginald's consent or knowledge. Since Sophia failed to fulfill her contractual obligations, Reginald has grounds to seek recovery for the lost income due to the undelivered pizzas and unhappy customers.

Visit here to learn more about contract  brainly.com/question/2669219

#SPJ11

14. a return of premium that is paid out by mutual insurance companies at the end of the year as a result of either positive operating costs or other investment returns is also known as a:

Answers

The term you are looking for is "policyholder dividend." This refers to the return of premium that mutual insurance companies.

They may pay out to their policyholders at the end of the year, based on the company's positive operating costs or investment returns. This dividend is a way for mutual insurers to share their profits with their policyholders and incentivize them to continue doing business with the company.These dividends are distributed to policyholders as a reward for the company's financial performance and are typically associated with mutual insurance companies, where policyholders have an ownership interest in the company.

Learn more about dividends here:

https://brainly.com/question/29510262

#SPJ11

Consider a service company that provides carpet cleaning and uses straight-line depreciation. Classify the cost of the depreciation on the carpet cleaning machines. (Check all that apply.)
Fixed
Indirect
Direct
Reason:
Depreciation is not a direct cost. It is an indirect cost.
Variable

Answers

Consider a service company that provides carpet cleaning and uses straight-line depreciation. To classify the cost of the depreciation on the carpet cleaning machine.

We need to determine if it is fixed, indirect, direct, or variable.

1. Fixed: The depreciation cost is fixed because it remains the same throughout the useful life of the carpet cleaning machines, regardless of the amount of carpet cleaning services provided. The straight-line depreciation method ensures that the depreciation expense is evenly distributed over the useful life of the asset.

2. Indirect: Depreciation is not a direct cost; it is an indirect cost. Direct costs are those that can be traced directly to a specific product or service, such as the cost of carpet cleaning chemicals.

Indirect costs, like depreciation, are costs that cannot be directly linked to a specific product or service but are necessary for the overall operation of the business. In this case, the depreciation of the carpet cleaning machines is an indirect cost because it cannot be directly linked to a specific carpet cleaning service.

3. Direct: As previously mentioned, depreciation is not a direct cost. It is an indirect cost. Therefore, it does not fall under the direct cost classification.

4. Variable: Depreciation is not a variable cost because it does not change based on the level of production or the number of services provided. It is a fixed cost, as it remains the same throughout the useful life of the carpet cleaning machines.

In conclusion, the cost of the depreciation on the carpet cleaning machines in a service company that provides carpet cleaning and uses straight-line depreciation can be classified as a fixed and indirect cost.

To know more about refer straight-line depreciation here

brainly.com/question/11974283#

#SPJ11

the admission of california into the united states was a divisive national issue because it would . multiple choice question. create direct competition for southern landowners and farmers add to the number of free states and the antislavery majority in congress provide a new, explosive market for southern goods

Answers

The admission of California into the United States was a divisive national issue because it would add to the number of free states and the antislavery majority in Congress.

This was a major concern for Southern states, which feared that the addition of another free state would tip the balance of power in favor of the North and threaten the institution of slavery.

Additionally, the admission of California would create direct competition for Southern landowners and farmers, who would face new competition from California's agricultural industry.

This would also have economic consequences for the South, as it would provide a new, explosive market for Southern goods.

Ultimately, the admission of California would have far-reaching political and economic implications for the nation as a whole, and it was one of the key issues that led to the outbreak of the American Civil War.

To know more about California refer here:

https://brainly.com/question/30531094#

#SPJ11

fill in the blank. a pharmaceutical manufacturer offers monetary incentives to its sales representatives to promote a new drug to the medical professionals in their respective geographic territories. this is an example of a___strategy.

Answers

The strategy mentioned above is called as Pull strategy.

A pharmaceutical manufacturer offers monetary incentives to its sales representatives to promote a new drug to medical professionals in their respective geographic territories. this is an example of a Pull strategy.

A marketing and promotional method known as the "pull" focuses on the consumer's ability to "pull" the product away from the marketer. This is accomplished by generating interest in a good or service through customer relationship management, sales promotions, and word-of-mouth recommendations.

Learn more about the Pull strategy here:

https://brainly.com/question/27961875

#SPJ1

Praxair's upcoming dividend is expected to be $2.25 and its stock is selling at $65. the firm has a beta of 0.8 and is expected to grow at 10 percent for the foreseeable future. compute praxair's required return using both capm and the constant growth model. assume that the market portfolio will earn 10 percent and the risk-free rate is 3 percent.

Answers

Using both the CAPM and the Constant Growth Model, Praxair's required return is calculated as 8.6% and 13.46%, respectively.

To compute Praxair's required return using both the Capital Asset Pricing Model (CAPM) and the Constant Growth Model (Gordon Growth Model), we will use the given information.

- Upcoming dividend: $2.25
- Stock price: $65
- Beta: 0.8
- Growth rate (g): 10% or 0.1
- Market return (Rm): 10% or 0.1
- Risk-free rate (Rf): 3% or 0.03


First, let's compute the required return using CAPM:
CAPM formula: Required return = Rf + Beta * (Rm - Rf)
Required return = 0.03 + 0.8 * (0.1 - 0.03)
Required return = 0.03 + 0.8 * 0.07
Required return = 0.03 + 0.056
Required return = 0.086 or 8.6%

Now, let's compute the required return using the Constant Growth Model:
Constant Growth Model formula: Required return = (Dividend / Stock price) + Growth rate
Required return = ($2.25 / $65) + 0.1
Required return = 0.034615 + 0.1
Required return = 0.134615 or 13.46%

Praxair's required return using the constant growth model is 13.46% and using the CAPM is calculated as 8.6%.

Learn more about CAPM here:

https://brainly.com/question/31599998

#SPJ11

in the audit of accounts payable, an auditor may revise the risk of material misstatement based on the result of .

Answers

In the audit of accounts payable, an auditor may revise the risk of material misstatement based on the result of various audit procedures, such as: Analytical procedures, Substantive procedures, Control testing

Analytical procedures: An auditor may compare the accounts payable balance with prior year balances or industry averages to identify any significant fluctuations or unusual trends that could indicate a risk of material misstatement. Substantive procedures: An auditor may perform substantive procedures, such as testing the completeness, accuracy, and valuation of accounts payable balances, to identify any misstatements that could impact the financial statements. Control testing: An auditor may test the effectiveness of the company's internal controls over the accounts payable process to assess the risk of material misstatement due to control deficiencies. Based on the results of these audit procedures, the auditor may revise their initial assessment of the risk of material misstatement for accounts payable. If the audit procedures identify a higher risk of material misstatement, the auditor may increase their assessment of the risk and adjust their audit plan accordingly. Conversely, if the audit procedures identify a lower risk of material misstatement, the auditor may decrease their assessment of the risk and adjust their audit plan accordingly.

Learn more about auditor here:

https://brainly.com/question/29304917

#SPJ11

Yanyan is engaged in the domestic transport business. His gross receipts during the 1st quarter are as follow: Land Air Sea Transport Tof 700.000 850,000 550,000 Passengers Transport 650.000 400.000 600.000 of Cargo If total input taxes from purchases are P600,000, how much is the total amount of business tax payable?

Answers

the total business tax payable by Yanyan, we need to first determine his taxable gross receipts. These are the gross receipts subject to percentage tax, which is the tax applicable to domestic transport businesses.

Using the formula for taxable gross receipts, we can compute it as follows:

Taxable Gross Receipts = Gross Receipts - Exempt Gross Receipts

Exempt Gross Receipts for Domestic Transport Businesses = P3,000,000 (per RR 16-2005)

Therefore, Taxable Gross Receipts for Yanyan = (Total Gross Receipts) - (Exempt Gross Receipts)

= (700,000 + 850,000 + 550,000 + 650,000 + 400,000 + 600,000) - 3,000,000

= 1,950,000

Next, we can compute for the business tax payable using the formula:

Business Tax Payable = (Taxable Gross Receipts) x (Percentage Tax Rate)

The percentage tax rate for domestic transport businesses is 3%.

Thus, Business Tax Payable for Yanyan = (Taxable Gross Receipts) x (Percentage Tax Rate)

= 1,950,000 x 3%

= 58,500

However, we also need to take into account the input taxes from purchases, which can be credited against the business tax payable. The amount of creditable input tax can be computed as:

Creditable Input Tax = (Total Input Taxes) x (Taxable Gross Receipts / Total Gross Receipts)

Creditable Input Tax for Yanyan = (Total Input Taxes) x (Taxable Gross Receipts / Total Gross Receipts)

= 600,000 x (1,950,000 / 3,750,000)

= 312,000

Finally, we can compute for the total business tax payable by deducting the creditable input tax from the business tax payable:

Total Business Tax Payable = Business Tax Payable - Creditable Input Tax

= 58,500 - 312,000

= -253,500

Since the result is negative, Yanyan can carry-over this excess tax credit to the succeeding quarters.

Learn more about business  here:

https://brainly.com/question/8119526

#SPJ11

myers, who is single, has compensation income of $76,000 in 2022. he is an active participant in his employer's qualified retirement plan. myers contributes $6,000 to a traditional ira. click here to access exhibit 11.2 phaseout of ira deduction of an active participant . therefore, of the $6,000 contribution, myers can deduct $fill in the blank 1 5,040 .

Answers

Of the $6,000 contribution, myers can deduct $ 5,040.

How to calculate IRA deduction?

According to Exhibit 11.2, which outlines the phaseout of IRA deductions for active participants, Myers falls within the phaseout range for single filers in 2022 (between $68,000 and $78,000).

As a 7result, Myers' IRA deduction will be reduced proportionally.

Since Myers' income is $8,000 above the lower limit of the phaseout range ($76,000 - $68,000 = $8,000), his IRA deduction will be reduced by 80% (8,000 / 10,000 = 0.8).

Therefore, of the $6,000 contribution, Myers can deduct $5,040 (0.8 * $6,000 = $1,200 reduction; $6,000 - $1,200 = $5,040).

Learn more about IRA contribution at

https://brainly.com/question/30078565

#SPJ11

which statement is true? question 3 options: the number of people not working but who have looked for work in the past year is equal to the number of unemployed people. the labor force is the total number of people working plus those who are unemployed. the unemployment rate is the number of people unemployed expressed as a percentage of the population. the labor force is the same as the population.

Answers

The statement that is true among the given options is: "The unemployment rate is the number of people unemployed expressed as a percentage of the population."

Option 1: This statement is incorrect because the number of people who have looked for work in the past year but are not working is a subset of the total number of unemployed people. Therefore, they cannot be equal.
Option 2: This statement is incorrect because the labor force is the total number of people who are either working or actively seeking employment. It does not include those who are unemployed but have stopped looking for work.
Option 3: This statement is true. The unemployment rate is a commonly used measure of the health of the labor market. It is calculated by dividing the number of people who are unemployed by the total number of people in the labor force and expressing the result as a percentage.
Option 4: This statement is incorrect because the labor force is a subset of the population. It includes those who are either employed or unemployed but actively seeking work. It does not include those who are not in the labor force, such as retirees, full-time students, and homemakers.

In conclusion, the statement that is true is that "the unemployment rate is the number of people unemployed expressed as a percentage of the population."

Learn more about the unemployment rate:

brainly.com/question/30115084

#SPJ11

Briana considers herself a failure. She has changed several jobs last year and is trying hard to hold on to the one she has right now. If she is willing to take responsibility for her poor performance and improve, Briana should

Answers

If Briana is willing to take responsibility for her poor performance and make efforts to improve, she should focus on developing a growth mindset. A growth mindset is a belief that intelligence and abilities can be developed through dedication and hard work.

To begin, Briana should identify her weaknesses and take steps to improve them. She can do this by seeking feedback from her supervisor or colleagues, attending training or workshops, and setting achievable goals for herself. She should also focus on developing new skills and expanding her knowledge base.

Briana should also adopt a positive attitude towards her work and be willing to learn from her mistakes. Instead of dwelling on her past failures, she should view them as opportunities for growth and improvement.

It's also essential for Briana to seek support and guidance from others. She can find a mentor or coach who can provide constructive feedback and help her develop a plan for improvement.

Finally, Briana should be patient and persistent in her efforts to improve. It may take time to see progress, but with dedication and hard work, she can turn her perceived failure into a valuable learning experience and achieve success in her career.

For more such questions on hard work

https://brainly.com/question/2689916

#SPJ11

Question 45 of 47 View Policies Current Attempt in Progress -12 Ivanhoe Company manufactures computer hard drives. The market for hard drives is very competitive. The current market price for a computer hard drive is $54. Ivanhoe would like a profit of $11 per drive. Calculate target cost. Target cost $ e Textbook and Media

Answers

The target cost for Ivanhoe Company to achieve a profit of $11 per drive, given the current market price of $54, can be calculated as follows:

Target cost = Market price - Desired profit
Target cost = $54 - $11
Target cost = $43

Therefore, the target cost for Ivanhoe Company is $43 per computer hard drive.

The target cost is the maximum allowable cost that a company can incur to manufacture a product while still achieving its desired profit margin.

In this case, Ivanhoe Company wants to earn a profit of $11 per hard drive, which is the difference between the market price of $54 and the desired profit. By subtracting the desired profit from the market price, we get the target cost, which is the cost that Ivanhoe Company must aim for to meet its profit goal.

To know more about the target cost visit:

brainly.com/question/31444443

#SPJ11

captive customers are difficult to differentiate from loyal customers, which is a problem for companies because captives .

Answers

Captive customers are difficult to differentiate from loyal customers, which is a problem for companies because Captive customers are those who continue to purchase from a particular company not due to their genuine preference or satisfaction, but because they lack viable alternatives.


This could be due to geographical limitations, switching costs, or other constraints that prevent them from exploring other options. Loyal customers, on the other hand, actively choose to continue purchasing from a company because they appreciate the quality of its products or services and have developed a positive association with the brand.



The challenge for companies is to accurately identify captive customers and develop strategies to convert them into loyal customers. Failing to do so can lead to complacency, as companies might be under the false impression that their captive customers are satisfied, while in reality, they might switch to competitors as soon as an alternative becomes available. This can have a significant impact on a company's market share, revenue, and brand reputation.



To address this issue, companies need to invest in understanding customer needs, preferences, and pain points, while continuously improving the quality of their products and services. By focusing on delivering superior value, fostering trust, and providing exceptional customer experiences, companies can transform captive customers into loyal ones, thereby ensuring their long-term success and growth.

Know more about market share here:

https://brainly.com/question/31235187

#SPJ11

according to the classification system of the united nations, what is a business whose parent corporation has more than one national identity?

Answers

According to the classification system of the United Nations, a business whose parent corporation has more than one national identity is known as a multinational corporation (MNC).

An MNC is a company that has operations in multiple countries and generates revenue from its business activities in those countries. MNCs are often large, with significant resources and global reach, and can play an important role in the global economy. Multinational corporations (MNCs) are also known as transnational corporations (TNCs) or multinational enterprises (MNEs). They are often large, with operations in multiple countries, and they typically have a parent company in one country and subsidiaries in other countries. MNCs can operate in a variety of industries, such as manufacturing, finance, and technology, and they can have a significant impact on the economies of the countries in which they operate.

MNCs can bring many benefits to the countries in which they operate, such as job creation, increased investment, and access to new technologies and markets. However, they can also face challenges, such as cultural and regulatory differences, political instability, and concerns about labor and environmental standards.

Learn more about economies here:

https://brainly.com/question/30131108

#SPJ11

your broker charges a commission of 5.1% of the cost of the stock you sell. if you sell a batch of stocks worth $2,617.75, how much commission will you owe your broker?

Answers

The commission owed to the broker is $133.51. This amount is added to the cost of the stocks to get the total cost of the transaction.

To calculate the commission owed to the broker, we need to first find 5.1% of the cost of the stocks being sold. We can do this by multiplying the cost of the stocks by 0.051. So, 5.1% of $2,617.75 is:

0.051 x $2,617.75 = $133.51

Therefore, the commission owed to the broker is $133.51. This amount is added to the cost of the stocks to get the total cost of the transaction.

It is important to consider the commission charged by your broker when buying or selling stocks, as it can significantly affect your profits. In this case, the commission is relatively high at 5.1%, so it is important to ensure that the potential profit from the transaction outweighs the commission cost. Some brokers may offer lower commission rates or even commission-free trading, so it is always a good idea to research and compare different brokers to find the best option for your investment strategy.

For more about commission:

https://brainly.com/question/20987196

#SPJ11

Marginal cost: declines continuously as output increases. rises for a time but then begins to decline when diminishing marginal returns set in. is the difference between total cost and total variable cost. equals both average variable cost and average total cost at their respective minimums.

Answers

Marginal cost:  rises for a time but then begins to decline when diminishing marginal returns set in.

What is marginal cost?

Marginal cost, despite benefiting from economies of scale in the beginning through decreasing costs as output rises, could still experience an increase due to diminishing marginal returns.

This signifies that a more suitable assertion would be that it "rises initially but then falls when thereabouts of excessive output begin to occur."

The remaining options are invalid and improper, specifically the assumption that marginal cost is merely derived from deducting total variable cost from total expense.

Read more on marginal cost here:https://brainly.com/question/17230008

#SPJ1

gasoline companies believe that next year, the price of gas will be lower than it is today. which statement is most correct about the market for gasoline today?

Answers

Based on the information provided, it is difficult to determine the current state of the market for gasoline with certainty. However, we can make some general observations.

First, if gasoline companies believe that the price of gas will be lower next year, this suggests that they may be expecting a decrease in demand or an increase in supply.

If demand for gasoline were to decrease, it could be due to a shift towards more fuel-efficient vehicles or a decrease in overall driving due to changes in work or travel patterns. If supply were to increase, it could be due to a ramp-up in production or an increase in the availability of alternative fuels.

Second, the current market for gasoline may be influenced by a variety of factors, including geopolitical events, supply chain disruptions, and changes in global demand.

In recent years, we have seen fluctuations in gas prices due to factors such as the COVID-19 pandemic, tensions in the Middle East, and shifts towards renewable energy.

Overall, while gasoline companies may have some insight into the future price of gas, the current market is subject to a wide range of factors that can impact supply, demand, and prices.

To know more about gasoline refer to-

https://brainly.com/question/29991915

#SPJ11

3) if not in your firm or industry, is there something in the u.s. or your home country that can be hedged that currently is not hedged?

Answers

There are several opportunities for hedging in both the U.S. and my home country that are currently untapped. By developing and implementing effective hedging strategies, individuals and businesses can mitigate risks and protect themselves against unexpected losses.

Yes, there are several things in both the U.S. and my home country that can be hedged but are not currently being hedged.

For example, in the U.S., there is a growing trend of climate-related disasters such as hurricanes, floods, and wildfires. Homeowners and businesses in high-risk areas can hedge against these risks by purchasing insurance policies that cover property damage and business interruption.

However, many people do not have adequate insurance coverage or fail to purchase insurance altogether. Similarly, in my home country, there are several industries that are vulnerable to currency fluctuations, such as agriculture, mining, and tourism.

These industries could benefit from hedging strategies such as forward contracts, options, and swaps to protect against adverse currency movements. However, many businesses in these sectors are either unaware of hedging or do not have the resources to implement such strategies effectively.

Visit here to learn more about Disasters:

brainly.com/question/19592780

#SPJ11

Other Questions
In infant development, which comes first: bilaterality or unilaterality? Which statement identifies two main ideas of the passage What are the planning phases of PRECEDE-PROCEED model? Please help answer this question. 1967 presidents commission on law enforcement and admin. Of justice specific accomplishments during the concrete operational stage of cognitive development include group of answer choices logic and moral reasoning. object permanence and stranger anxiety. pretend play and egocentrism. conservation and mathematical transformations. based on your work with homologous structures, discuss which species have similar structures and which are less similar? A ball is thrown downward from the top of a 200 -foot building with an initial velocity of 12 feet per second. The height of the ball h in feet after t seconds is given by the equation h=-16t^2+220 How long after the ball is thrown will it strike the ground? which hormone is important for the maturation of t lymphocytes? select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a melatonin b thymosin c estrogen d oxytocin One problem with using optical fibers for communication is that light that passes directly down the center of the fiber takes less time to travel from one end to the other than a ray that takes a longer zig-zag path. Light rays that start at the same time but traveling in slightly different directions reach the end of the fiber at different times. This problem can be solved by making the refractive index of the glass gradually change from a higher value in the center to a lower value near the edge. Explain how this reduces the difference in travel times.The glass core of an optical fiber has an index of refraction of 1.60. The index of refraction of the cladding surrounding the fiber is 1.48. What is the maximum angle a light ray can make with the wall of the core if it is to remain inside the fiber? Show your work.A laser beam in air is incident on a liquid at an angle of 53 22There are many environmental factors that influencehealth outcomes: write the definition of a function named oneless, which receives an int argument and returns an int that is one less than the value of the argument. so if the argument's value is 7, the function returns the value 6. if the argument's value happens to be 44, the functions returns the value 43. ________ is a group of people who all receive a single message that requires action from any one person in the group. when one person in the group completes the task and marks the message as done, the message disappears from all other group members' in baskets. users in the sales department perform many of their daily tasks, such as emailing and creating sales presentations, on their personal tablets. the chief information officer worries that one of these users might also use their tablet to steal sensitive information from the organization's network. your job is to implement a solution that prevents insiders from accessing sensitive information stored on the organization's network from their personal devices while still giving them access to the internet. which of the following should you implement? answer an a. acceptable use policy (aup) b. a mobile device management (mdm) infrastructure c. a network access control (nac) solution d. a guest wireless network that is isolated from your organization's production network ________ is the orderly study of job facets to determine what is done when, where, how, why, and by whom. A) Job analysis B) Job description C) Job specification D) Job supervision E) Job detailing What is the output of the following code fragment that invokes calc?(All variables are of type int)x = 1;y = 2;z = 3;calc(x, y);cout URGENT!! ILL GIVE BRAINLIEST! AND 100 POINTSThe axis represents a students age in years and the y-axis represents the number of times the student cried each month on average. What type of data represented in this scatterplot? (Choose 2 )Decreasing Increasing Bivariate Univariate what characterizes the effects of opioids on sleep? A solution contains 0.2 M acetic acid and 0.2 M sodium acetate. The pKa of acetic acid is 4.76. a) What is the pH of this solution? b) What is the buffer capacity at pH=4.76?c) If 0.05 moles of HCl is added to this solution what is the pH of the buffer? Ignore any volume change. What is the primary purpose for using compression on tracks in a mix?