Brad, who uses the cash method of accounting, lives in a state that imposes an income tax (including withholding from wages). on april 14, 2019, he files his state return for 2018, paying an additional $600 in state income taxes. during 2019, his withholdings for state income tax purposes amount to $3,550. on april 13, 2020, he files his state return for 2019 claiming a refund of $800. brad receives the refund on june 3, 2020. if he itemizes deductions, how much may brad claim as a deduction for state income taxes on his federal income tax return for calendar year 2019 (filed in april 2020)? a.$3,550 b.$3,350 c.$5,150 d.$4,150 e. none of these choices are correct.
Answers: 3
Business, 22.06.2019 01:00
Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?
Answers: 3
Business, 22.06.2019 23:20
Suppose you manage an upscale restaurant in new york city. would involve writing employee schedules and a list of things to do for the chef and other kitchen staff
Answers: 3
Business, 23.06.2019 00:30
How much of your paycheck do you have immediate access to once you deposit it into your bank account a. all of it b. a portion of it c. none of it
Answers: 1
Brad, who uses the cash method of accounting, lives in a state that imposes an income tax (including...
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