更多"The Widget Company had net income o"的相关试题:
[多项选择]Ava has not yet submitted her income tax return for the tax year 2011/12. She also requires advice on the capital
gains tax and inheritance tax implications of making a gift of a farm to her nephew.
The following information has been obtained from a letter from Ava and from her client file.
Ava’s personal circumstances:
- Ava is 84 years old.
- Ava’s husband, Butt, died on 1 November 2013 after a long and serious illness.
- Ava has no children.
Ava’s income tax reporting:
- Burt had always looked after Ava’s tax affairs as well as his own.
- Ava has recently realised that her income tax return for the tax year 2011/12 has not been submitted.
- The notice to file the income tax return for the tax year 2011/12 was sent to Ava on 1 May 2012.
Bud’s will and lifetime gifts:
- Burt made no transfers for the purposes of inheritance tax during his lifetime.
- Butt left qu
A. 300,000
B. 445,000
C. -
D. Itcan be assumed that both values will increase by 5% per year from 1 February 2014.
E. (a) State by when Ava’s 2011/12 income tax return should have been submitted and list the consequences of
F. submitting the return, together with Ava’s outstanding income tax liability, on 15 December 2013.
G. Note: you are not required to prepare calculations for part (a) of this question.
H. (b) (i) Provide a reasoned explanation for the availability or non-availability of agricultural property relief and
I. businessproperty relief in respect of the intended gift of Hayworth Farm by Ava.
J. (ii) Calculate the capital gains tax and the inheritance tax payable in respect of the gift of Hayworth Farm
K. onthe assumption that Ava dies on 1 January 2018. State the due dates for the payment of the tax
L. liabilities(on the assumption that they are not paid in instalments), the date on which any beneficial
M. claim(s)need to be submitted and any assumptions made.
N. Youshould assume that the tax rates and allowances for the tax year 2011/12 will continue to apply for the
O. foreseeablefuture.
[单项选择]The Fischer Company had net income of $1500000. Fischer paid preferred dividends of $ 5 on each of the 100000 preferred shares. There are 1 million Fischer common shares outstanding. In addition to the common and preferred stock, Fischer has $ 25 million of 4 percent bonds outstanding. The face value of each bond is $1000. Each bond is convertible into 40 common shares. If Fischer’ s tax rate is 40 percent, determine its basic and diluted earnings per share Basic EPS Diluted EPS（）①A. $1.00 $1.25 ②B. $1.50 $1.25 ③C. $1.00 $0.80
A. ①
B. ②
C. ③
[单项选择]Robinson Company had 1 million shares outstanding at the beginning of the year. On April 1, Robinson issued an additional 300000 shares. On July 1, Robinson issued 200000 more shares. What is Robinson’s weighted average number of shares outstanding for the calculation of earnings per share（）
A. 1500000 shares.
B. 1325000 shares.
C. 1000000 shares.
[填空题]
Most taxpayers have had enough income tax collected by their
employers during the year. So they do not {{U}} (36) {{/U}} any money. In
fact, most Americans get some money back. Last year, the Internal Revenue
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Americans paying individual income tax.
The United States has
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{{/U}} are taxed at the highest rate.
Earnings above that
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taxed at lower rates.
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{{/U}}, Medicare and other taxes.
There are many different
ways for people and businesses to reduce their {{U}} (44) {{/U}} Most
homeowners, for example, can reduce their taxes a little by reporting to the
