Ask Question
BusinessBusiness
25 July, 15:25

In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between the parent and subsidiary corporations are Group of answer choices Not taxable. Included in taxable income to the extent of 35%. Included in taxable income to the extent of 65%. Fully taxable.

+1
Answers (1)
  1. 25 July, 16:15
    0
    Answer A

    Explanation:

    There are several rules of dividends deductions from income making taxable income significantly smaller. Deductions are generally 70% of the dividends received. Second if the company owns a stake in other company larger than 20%, but smaller than 80% dividend deduction from income is 80% of the dividend received and if the other entity is fully owned deductions from the dividend received are 100%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between the parent ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling $450,000, came from foreign sources, what was the total of the company's revenues?
Answers (1)
In 1 or 2 sentences, explain whether a monopolist uses resources efficiently.
Answers (2)
What If the Facts Were Different? Suppose that Coca-Cola had been trying to make the public believe that its product contained cocaine. Would the result in this case likely have been different? Why?
Answers (1)
A product may be made using machine I or machine II. The manufacturer estimates that the monthly fixed costs of using machine I are $18,000, whereas the monthly fixed costs of using machine II are $15,000.
Answers (1)
David Ortiz Motors has a target capital structure of 40% debt and 60% equity. The yield to maturity on the company's outstanding bonds is 11%, and the company's tax rate is 40%. Ortiz's CFO has calculated the company's WACC as 9.39%.
Answers (1)
New Questions in Business
At a recent staff meeting, the director of the centerville diagnostic imaging center told the staff, "our clients hate to waste time in a waiting room, and they may go to another center if we don't provide prompt service.
Answers (1)
Implicit transaction
Answers (1)
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $8 each or to produce them in-house.
Answers (2)
A stock's holding period return represents: a. the return from a stock relative to the return from a specific portfolio. b. the total return earned over a specific period through buying and selling an asset. c.
Answers (1)
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers.
Answers (1)
Home » Business » In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between the parent and subsidiary corporations are Group of answer choices Not taxable.
Sign Up Forgot Password?