Paolo Corp. generated the following income /(loss) since its 2019 inception: Year Income/(loss) 2019 (5,000) 2020 7,000 2021 14,000 2022 (20,000) If Paolo generates $4,000 of income in 2023, what is the NOL carryforward to 2024? a. $20,000 b. $3,200 c. $16,800 d. $800

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Rhodes Corporation: Income Statements for Year Ending December 31(Millions of Dollars)      2020         2019Sales    $    11,000         $    10,000Operating costs excluding depreciation        9,618             8,730Depreciation and amortization        370             330    Earnings before interest and taxes    $    1,012         $    940Less interest        280             200    Pre-tax income    $    732         $    740Taxes (25%)        183             185Net income available to common stockholders    $    549         $    555Common dividends    $    204         $    200Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars)      2020         2019AssetsCash    $    650         $    600Short-term investments        230             200Accounts receivable        2,750             2,500Inventories        1,250             1,200    Total current assets    $    4,880         $    4,500Net plant and equipment        3,750             3,500Total assets    $    8,630…

For 2020, Garden Corporation has 800.000 of gross profit from its sales and $410,000 of operating expenses. Garden makes $90,000 of cash charitable contributions during 2020 Inot inchuded in the other amounts). How much of these contributions can it deduct for 2020? (Note that this is for 2020, ie, 25%) O $75.000 O $97.500 $22.500 O $90.000

Net income $70,000, tax rate 25%, and loss from discontinued operations net of tax $5,000. Compute the income before income tax. Your answer This is a required question During 2021, Kamal Co. incurred average accumulated expenditures of $400,000 during construction of assets that qualified for capitalization of interest. The company has two debts outstanding during 2021. the first is a $500,000, 10%, 5- year note payable dated January 1, 2019. the second is a specific construction debt of $300,000, 8%, 3-year note payable dated September 1, 2020. 1- compute the amount of actual interest during 2021. 2- compute the amount of avoidable interest during 2021. Your answer This is a required question

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Can you help me calculate the Capital gains tax assuming a capital gains tax is 20%?