United Charities’ annual fund raising drive in 2018 raised pledges of $1,200,000 of which $800,000 were collected in 2018 and $200,000 were collected in 2019. United Charities estimates $150,000 of the remaining pledges will never be collected. 5. The increase in net assets without donor restrictions in 2018 as a result of the fund raising drive is A. $1,200,000. B. $1,050,000. C. $800,000. D. $250,000. 6. In 2019, the dollar change in temporarily restricted net assets is A. $0 B. $200,000 increase. C. $200,000 decrease. D. $1,000,000 decrease.

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Double corporation acquired all of the common stock of simple company for