Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
1
1. What is the Present Value of an ORDINARY ANNUITY that has 12 annual payments of 3000 if the return is 12 % 2. What is the Present Value of a monthly annuity that pays $ 250 per year for 10 years when investments make 9 % return annually. 3. Find the future value of 250,000 invested for 10 years at 12%. 4. Find the Future value of an annuity due of 450 per month for 3 years when returns are 10 % annually,
3. Explain the tax implications of each of the following forms of business:
a. Sole proprietor. (3 marks)
b. Partnership. (3 marks)
c. Corporation. (3 marks)
Expert Solution
1 please find attached.
3
Answer:
a)Sole proprietorship business structure act as the same entity as the owner of business.In other words,it is not separate from its owner.Business income from sole proprietorship is taxed in the hands of the proprietor.In other words,sole proprietorship income is taxed as the income of owner.
b)Tax implication of partnership is somewhere similar to Sole proprietorship.Partnerships themselves are not actually are not subject to tax.In case of partnership,each of the partners will be taxed upon his or her share of the income from the partnership.
c)Unlike sole proprietorship,corporations are treated as separate legal entity.It means that corporations itself is taxed on all profits it earned.
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
