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

Isabelcastillox7232 Isabelcastillox7232

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 is the first 5 common multiples of 15 and 25

What is the most likely reason that a dictator would run in a rigged election

A proofreader can read 40 pages in one hour. How many pages can this proofreader read in 90 minutes?

vwho created the colony of georgia as a haven for english debtors A)lord Baltimore B)king charles 1 C)james oglethorpe D)nathaniel bacon

Points A, B and C are collinear. Point B is between Point A and Point C. Find the length of BC if BC=3x-2, AB=12, and AC=5x+2.

Martha bought a $60 skirt at 40% off and a $40 blouse at 20% off. what percent discount did she receive on the total purchase?

round 4.75 to nearest whole decimal?

7x + 5=-2 find the value of 8x

A short, interesting story related to your subject is called a/an

How do I solve the square root of 30?

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.