Before considering a net operating loss carryforward of $87 million, fama corporation reported $130 million of pretax accounting and taxable income in the current year. the income tax rate for all previous years was 36%. on january 1 of the current year, a new tax law was enacted, reducing the rate to 28% effective immediately. fama's income tax payable for the current year would be:

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)