Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 14 Aug 2017 My Price 5.00

Creative Designs Inc

For the current year, Creative Designs Inc., a C corporation, reports taxable income of $300,000 before paying salary to Ben the sole shareholder of Creative Designs, Inc. (CD). Bens marginal tax rate on ordinary income is 28% and 15% on dividend income. Assume CDs tax rate is 39%. a) How much total income tax will Creative Designs and Ben pay on the $300,000 taxable income for the year if CD doesnt pay any salary to Ben and instead distributes all of its after-tax income to Ben as a dividend? b) How much total income tax will Creative Designs and Ben pay on the $300,000 of income if CD pays Ben a salary of $100,000 and distributes its remaining after-tax earnings to Ben as a dividend? c) Why is the answer to part b lower than the answer to part a?

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Aug 2017 01:08 AM My Price 5.00

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