Clyde is a cash-method taxpayer who reports on a calendar-year basis. this year paylate corporation has decided to pay clyde a year-end bonus of $1,400. determine the amount clyde should include in his gross income this year under the following circumstances: (leave no answer blank. enter zero if applicable.) a. paylate corporation wrote the check and put it in his office mail slot on december 30 of this year, but clyde did not bother to stop by the office to pick it up until after year-end.

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%