The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: $ 310 Pretax accounting income included: Overweight fines (not deductible for tax purposes) 12 Depreciation expense 77 Depreciation in the tax return using MACRS: 122 The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is:

$277

Explanation:

Particular                                             Amount

Pre-Tax Accounting Income                 $310

Adjustments

Add: Overweight Fines                         $12

Add: Depreciation Expenses                $77

Less: Depreciation as per tax return    $122

Taxable Income                                     $277

Therefore, Franklin's taxable income is $277.

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; the above statement/question is ( true);