Pear, an individual, plans to start a small business, which will operate as a corporation. In year 0, she expects the corporation to generate an ordinary loss of $900,000. Subsequently, she expects the corporation to be profitable, and projects ordinary profit of $1,350,000 in year 1, and $2,250,000 in year 2. Pear's personal marginal tax rate on ordinary income is 37 Assuming a corporate tax rate of 21% and a 10% discount rate, calculate the present value of expected tax costs on the business earnings for the first 3 years of operations if the business makes an S corporation election. Assume the excess business loss limitation does not apply. Round your discount rate calculations to three decimal places.

gather the things you’ll need. it’s best to have a parent or guardian to you open an account. the parent or guardian can co-sign your account, which means that they’ll sponsor you. as co-signers, they’ll need to bring two forms of current photo id. if they only have one piece of photo id, their second id may be a current major credit card or gas card.

buying and selling of stocks are not centralized activities. centralized activities mean centralized purchasing concentrated in one central market.there are many stock markets around the world, and they are independent of one another so people can buy stocks anywhere, and they do not need to go through a market which explains why buying and selling of stocks are not centralized activities.