Blue,Inc,has Taxable Income Before Salary Payments to Its President of $700,000

question 52

Essay

Blue,Inc.,has taxable income before salary payments to its president of $700,000 in 2008.Blue is in the 34% tax bracket,and the president is in the 35% tax bracket.
a.Calculate the tax liability to Blue if the president's salary is $400,000 and if it is $100,000.
b.What tax benefit is there of paying the larger salary to the president?
c.What negative tax result may occur associated with the payment of the higher salary?

Assess the role of tech advancements in ethical decision-making and its impact on society.

Differentiate between various types of ethical approaches including utilitarianism, deontology, and rights-based theories.

Understand the mechanisms for ensuring ethical accountability and liability in organizations.

Evaluate ethical considerations in the use and dissemination of information.

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Definitions:

Government Planning Committee

A body within the government responsible for setting goals, designing strategies, and overseeing the implementation of policies and plans.

Capital

Economic resources that are used by firms to produce goods or services, including buildings, machinery, and equipment.

Capitalist Country

A country that operates on the economic system of capitalism, where private individuals own the means of production and operate for profit.

Resources

The assets, materials, and inputs used to produce goods and services, including natural resources, human talent, and capital.