In 2017, a company purchased a machine for $70,000; it has a three-year life for both accounting and tax. Depreciation for accounting (already included in pretax financial income) and tax purposes is shown below. Statutory tax rate is 30%. Record the required tax entries for each year.

              Accounting Tax               Difference

2017             30,000                 45,000                 15,000         

2018             20,000                 15,000                 (5,000)

2019             20,000                 10,000                 (10,000)

Pretax Financial Income

2017      $50,000

2018      60,000

2019      70,000

I have solution, but I don't know how to get each steps. please explain with T-accounts.

If the transit district decides to set the per-passenger fare at $0.35 for the first year and the per-passenger fare goes up $0.05 each year thereafter, the additional government subsidy (per passenger) needed for the district to break even in 20 years is most nearly

The equity beta for Microsoft Inc. is 1.11. The yield on ten-year treasuries is 3%, and the historical returns on S&P 500 has a mean of10% and standard deviation of 11% for the pasts 3 years. The stock volatility of Microsoft is 12%. Further, it issues dividends at an annual rate of $1.84. Its current stock price is $107.71, and you expect dividends to increase at a constant rate of 5% per year. (Sow steps with calcs.)

A) Estimate Microsoft's cost of equity using both CDGM and CAPM.

B) Based on Sharpe ratio estimate, should investors buy in Microsoft or S&P 500 index?

The FASB issues new standards on accounting. The implementation date is usually a year from the date of issuance with early implementation encouraged. Jane Durham, chief accountant is discussing implementing this new standard as soon as possible. The CFO however realizes that an early implementation will have a negative effect on the firm's net income for the year. The CFO discourages the chief Accountant from implementing the standard until the required date. Is the CFO's action proper? Why or why not? Is there an ethical issue involved? If so how?

A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,600,000 and can be sold for $725,000 at the end of the project. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company's tax rate is 40 percent. What is the aftertax salvage value of the equipment?

A 2 year old child is in for her well visit. She is up to date with all vaccinations. Born full term, 7 pounds and 5 ounces. No allergies and not on any medications. Breast fed for six months. Mother is anxious because she is not far along in language development as her brother was at this age. She cries when getting a hair cut and is not consolable. Only eats noodles and toast. Is not a good sleeper.

1. The mothers asks, "are these things related?" How do you reply?

2. What are some online tools to screen for assessing language delays?

3. What should be included in the health history?

4. What should the focused physical examination include?

Compare the risks and returns of a 10-year bond, a preferred stock and a common stock issued by a listed company. Explain the reason(s).

1. In each of the following scenarios, calculate the total increase in US GDP this year caused directly by the given information

   1. An individual purchases an old used car from their friend for $6,000. They buy a new engine for the car for $1,000, replace the brakes for $500, and paint it for $200. They then sell the car for $10,000

   2. A computer manufacturer in the US buys parts for its computer from Japan. The cost of these parts is $500. It produces and sells a computer for $700 using these parts.

   3. A child is running a lemonade stand. They purchase 20 lemons for $3 each and 500 grams of sugar for $0.01 per gram. Using these ingredients, they make and sell 50 cups of lemonade for $2 each and at the end of the day they have 5 lemons and 100 grams of sugar remaining (that they do not sell and eventually consume themselves).

   4. A video game company prints 2 million copies of a game that sells for $60. It sells 1.8 million of these this year and the remainder the following year.

   5. A sandwich shop buys $1000 of ham, $500 of cheese, and $300 of bread. It also buys a new meat slicer for $300. Using these, it produces and sells $2000 of sandwiches. There is no ham or cheese remaining after production, but the meat slicer is still in perfect condition.

On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $21,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.20%, FICA Medicare taxes at the rate of 1.45%, $12,860 of federal income taxes, $1,460 of medical insurance deductions, and $860 of union dues. No employee earned more than $7,000 in this first period.

Required:
1.1 Calculate below the amounts for each of these four taxes of Regis Company. Regis’s merit rating reduces its state unemployment tax rate to 5% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.)
  
1.2 Prepare the journal entry to record Regis Company's January 8 (employee) payroll expenses and liabilities. (Round your answers to 2 decimal places.)
  2. Prepare the journal entry to record Regis’s (employer) payroll taxes resulting from the January 8 payroll. Regis’s merit rating reduces its state unemployment tax rate to 5% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.60%. (Round your answers to 2 decimal places.)