Theta corporation is a u. s. based multinational firm in the electronics industry. it has wholly owned subsidiaries in ireland, where sales and profits for the world outside of the u. s are booked, and in bermuda, which owns the intellectual property rights for the technology used in omega products. below are the tax rates applicable in each country.

u. s. basic corporate tax rate: 21%
tax on declared dividends of a foreign subsidiary: 0%
tax on undeclared foreign earnings: 21% with credit for foreign taxes paid
tax on intangible income (gilti): 13.125%
irish corporate tax rate: 12.5%
bermuda corporate tax rate: 0%

in 2020 theta corp. reported these operating profits for its foreign subsidiaries:

ireland: $6 b with half declared as dividends
bermuda: $5 b with no dividends declared

(a) what would be theta’s u. s. tax liability and effective tax rate on this foreign source income?
(b) if the irish subsidiary declared 100% of its profits as dividends, what would be the u. s. tax liability and effective tax rate?

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.