A Business Generates Profits of $150,000

question 1

Multiple Choice

A business generates profits of $150,000.The owner currently has a 32% marginal tax rate.What is the total amount of taxes paid if the business is a regular corporation and $20,000 in dividends is distributed to its sold individual shareholder?

• A)Corporate tax,$31,500; individual tax,$3,000
• B)Corporate tax,$48,000; individual tax,$6,400
• C)Corporate tax,$31,500; individual tax,$6,400
• D)Corporate tax,$0; Individual tax,$48,000

Distinguish between social trends that contribute to loneliness and those that do not.

Recognize personal qualities associated with loneliness.

Understand the impact of social skills and behaviors on loneliness and relationships.

Comprehend the psychological aspects and misconceptions of loneliness.

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Definitions:

Formal Budget Process

The systematic procedures followed by organizations or governments to estimate revenues, plan expenditures, and manage finances.

Economic Report

A document that provides information about the economic performance, policies, and conditions of a country, region, company, or sector.

National Debt

The total amount of money that a country's government has borrowed, through various means.

Federal Outlays

The total spending by the federal government, including on defense, education, health services, and social security.