Madison company has taken a position in its tax return to claim a tax credit of $125 million (direct reduction in taxes payable) and has determined that its sustainability is "more likely than not," based on its technical merits. the tax credit would be a direct reduction in current taxes payable. madison believes the likelihood that a $125 million, $75 million, or $25 million tax benefit will be sustained is 25%, 35%, and 40%, respectively. madison's taxable income is $640 million for the year. its effective tax rate is 40%. what is madison's income tax expense for the year?

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?