Liability

Related BrainMass Solutions

• Comparison of Entity Forms

  liability = ($150,000 - $5,700) x 28% = $40,390 Total tax liability = $0 + $40,390 = $40,390 The S Corporation is a pass through entity Part C: Delta's tax liability = $0 Carl's tax liability = ($150,000 - $5,700) x 28% = $40,390 Total tax liability

• Proven Medical Liability Reforms

  Medical liability. Retrieved from http://www.ama-assn.org/ama1/pub/upload/mm/399/hsr-liability-reform.pdf American Tort Reform Association. (2011). Medical liability reform.

• This posting addresses environmental liability treatment.

  A loss and liability of $2 million. b. A loss and liability of $10 million. The highest amount should be recorded, because it's a probable liability. It really should be whichever amount is closer to what the probable amount is.

• Long-Term Liabilities Classifications

  If no payments are due before 2016, it is a long term liability. b- The portion due within the next year is a current liability, with the remaining portion a long term liability.

• Balance Sheet Classification of Various Liabilities - Recording

  . - Current liability is warranty is for less than or equal to 1 year or long-term liability if warranty period is more than a year. d) Bank overdraft-Current liability. e) Employee payroll deductions unremitted - Current liability.

• Netting Gains and Losses

  Net Long Term Capital gain: $12,000 Maximum Tax Rate for Long Term Capital Rate: 15% Tax Liability: $1,800 Net Short Term Capital Gain: $7,000 Maximum Tax Rate: 35% Tax Liability: $2,450 Total Tax Liability: $4,250 c.

• Additional Pension Liability: Federal Co.

  109570 Additional Pension Liability: Federal Co.

• Limited Liability Corporations

  296078 Limited Liability Corporation and Limited Liability Partnership Explain roles of Limited Liability Corporations and Limited Liability Partnerships.

• What is a limited liability corporation? What is a limited l

  The main difference here is that in the limited liability corporation, all owners have limited liability, but in a limited liability partnership, only a portion of the partners have limited liability.

• Product Liability

  Product liability: "Products liability refers to the liability of any or all parties along the chain of manufacture of any product for damage caused by that product.