A firm now operates as a C-Corporation. The firm has earnings before taxes of $433,743 per year and pays out all its net earnings as dividends. The firm has a corporate tax rate is 24 percent. The firm has only one owner who faces a personal income tax rate of 27 percent. What is the spendable income for the owner of the C-Corporation

The Spending income for the owner of the C-Corporation is:

= $240,641.

Explanation:

a) Data and Calculations:

Earnings before taxes = $433,743

Corporate tax rate = 24%

Corporate tax expense = 104,098 ($433,743 * 24%)

Net Earnings after taxes = $329,645

Dividends paid out =          $329,645

Retained earnings =           $0

Taxable income for the owner of the C-Corporation = $329,645

Income tax rate for the owner of the C-Corporation = 27%

Income tax for the owner of the C-Corporation = $89,004 ($329,645 * 27%)

Spending income for the owner of the C-Corporation = $240,641

b) The owner of this C-Corporation cannot avoid double taxation at the corporate and individual levels.  To avoid this, the owner can choose an S-Corporation.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

2b2t

explanation:

2b2t