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On January 1, 2020, Wildcat Oil Company erected an oil platf…

On January 1, 2020, Wildcat Oil Company erected an oil platform in the Gulf of Mexico. Wildcat is legally required to dismantle and remove the platform at the end of its useful life, estimated to be five years. Wildcat estimates that dismantling and removal will cost $1,000,000. Based on a 10 percent discount rate, the present value or fair value of the asset retirement obligation is estimated to be $620,920. Based on this information, what expenses will Wildcat Oil report for the year, 2020?  

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Susan would like to organize ABC as either an LLC (taxed as…

Susan would like to organize ABC as either an LLC (taxed as a sole proprietorship) or a C corporation.  In either form, the entity is expected to generate an 11 percent annual before-tax return on a $300,000 investment. Susan’s marginal income tax rate is 35 percent and her tax rate on dividends and capital gains is 15 percent. Susan will also pay a 3.8 percent net investment income tax on dividends and capital gains she recognizes. If Susan organizes ABC as an LLC, Susan will be required to pay an additional 2.9 percent for self-employment tax and an additional .9 percent for the additional Medicare tax.  Further, she is eligible to claim the full deduction for qualified business income.  Assume that ABC will pay out its all of its after-tax earnings every year as a dividend if it is formed as a C corporation. a) How much cash after-taxes would Amanda receive from her investment in the first year if ABC is organized as either an LLC or a C corporation?   b) What is the overall tax rate on ABC’s income in the first year if ABC is organized as an LLC or as a C corporation?

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Identify the space that is highlighted in blue.

Identify the space that is highlighted in blue.

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Adrenocorticotropic hormone is produced by what type of cell…

Adrenocorticotropic hormone is produced by what type of cell?

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Name the function of cell “B”

Name the function of cell “B”

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Identify the layer of the heart”E”

Identify the layer of the heart”E”

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Progesterone is produced by what type of cell?

Progesterone is produced by what type of cell?

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Identify the layer of the heart”D”

Identify the layer of the heart”D”

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Identify the part of the conduction system “B”

Identify the part of the conduction system “B”

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Identify the layer “C”

Identify the layer “C”

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