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What is the word for the amount of money taken from an employee's gross pay for taxes, insurance, social security, and other benefits?
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Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
What is the word for the amount of money taken from an employee's gross pay for taxes, insurance, so...
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