Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon
Gross income from operations $206,000 $329,600
Expenses from operations 288,400 346,080
Dividends received from domestic corporations (15% ownership) 123,600 247,200

Click here to access the dividends received deduction table.

a. Compute the dividends received deduction for Crane Corporation.
$fill in the blank 1
28,840
b. Compute the dividends received deduction for Loon Corporation.
$fill in the blank 2
161,504
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answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

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sometimes it can be so they can fit in with a certain group, and others are just like that because of their personality.