How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Bizhelp Your Own Question
Bizhelp
Bizhelp, CPA
Category: Homework
Satisfied Customers: 5884
Experience:  Bachelors Degree and CPA with Accounting work experience
23848519
Type Your Homework Question Here...
Bizhelp is online now
A new question is answered every 9 seconds

the sapote corporation is a manufacturing corporation. The

Resolved Question:

the sapote corporation is a manufacturing corporation. The corporation has accumulated earnings of $450,000 and the corporation cannot establish a reasonable business need for that amount. what is the amount of the accumulated earnings tax (if any) that will be imposed on the corporation
Submitted: 4 years ago.
Category: Homework
Expert:  Bizhelp replied 4 years ago.
Hi,

Thanks for the question.

The accumulated earnings tax is 15% x $450,000 = $67,500.

Hope this helps!
Customer: replied 4 years ago.
this was a mulltiple choice question and the choices are 45,000, 30,000, 50,000 and 76,000
Expert:  Bizhelp replied 4 years ago.
THIS ANSWER IS LOCKED!

You need to spend $3 to view this post. Add Funds to your account and buy credits.
Bizhelp and other Homework Specialists are ready to help you

Related Homework Questions