Greenco, a u.s. corporation, earns $25 million of taxable income from u.s. sources and $10 million of taxable income from foreign sources. what amount of taxable income does greenco report on its u.s. tax return?

Question

24-11-2017
Business

contestada

Greenco, a u.s. corporation, earns $25 million of taxable income from u.s. sources and $10 million of taxable income from foreign sources. what amount of taxable income does greenco report on its u.s. tax return?

Respuesta :

Otras preguntas

what are the domain and range of the exponential function below? f(x)=5^x+6

ancy wants to make a graph to show the relationship between the temperature of water, in degrees Celsius, and the time, in seconds, for which water is heated. S

How did music differ before and after Bach?

What does high water potential mean?

Which of the following best explains why the Stamp Act of 1765 was significant? A. It was the first direct tax imposed on American colonists. B. It was the

.In Section III of “An Occurrence at Owl Creek Bridge,” Bierce’s precise word choice brings to life the ____." A. chaotic action of Farquhar’s flight B. Union

It is necessary to use classifiers within the context of the conversation you are having. True or False?

In which sentence is the underlined verb in the passive voice? A. Noah’s little sister is being silly B. She has been chosen to sing in tonight’s concert C.

To make a small vase, Elisa uses no more than 4.5 ounces of clay. To make a large vase, she uses at least 12 ounces of clay. Which compound inequality represent

Which of the following is the long form of "tu cepillo"? A. el cepillo vuestro B. el cepillo suyo C. el cepillo nuestro D. el cepillo tuyo

shinmin shinmin · Answer 1 · 2017-12-05T08:28:14+01:00

Taxable income is the sum of income used to compute a person's or a business's income tax due. Taxable income comprises salaries, pays, bonuses and tips, on top of investment revenue and unearned revenue. In this case, the corporation have $25 million that came from US Sources then the additional $10 million is also part of the taxable income because it is part of the normal course of the business. Therefore, GreenCo must report $35 million.