Loretta Plans to Start a Small Business, Operated Through a Corporation

question 23

Multiple Choice

Loretta plans to start a small business, operated through a corporation. In year 0, she expects the corporation to generate a loss of $100,000. Subsequently, she expects the corporation to be profitable, and projects profit of $150,000 in year 1, and $250,000 in year 2. Loretta's personal marginal tax rate on ordinary income is 35%. Using a 10% discount rate, calculate the present value of expected tax savings and costs on the business earnings for the first 3 years of operations if the business makes an S corporation election.

• A)$105,000 total tax cost
• B)$93,748 total tax cost
• C)$96,933
• D)$0

Understand occupational health principles, specifically the prevention of nurse injuries related to patient positioning and movement.

Distinguish between the roles and contributions of different healthcare team members in managing patients with mobility issues and rehabilitation needs.

Know the proper techniques for patient positioning and movement to maintain correct body alignment and prevent injury.

Identify potential complications of impaired physical mobility and strategies to mitigate these risks.

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Definitions:

Neonate

A newborn baby, especially within the first few weeks after birth.

Birth

The event of being born or coming into existence.

Gastrulation

Gastrulation is a phase early in embryonic development during which the single-layered blastula is reorganized into a multilayered structure called the gastrula.

Germ Layers

In animals, three embryonic tissue layers: endoderm, mesoderm, and ectoderm