Should you let your kids drink at home Essay Example | Topics and Well Written Essays - 1000 words

Should you let your kids drink at home - Essay Example Indeed the article has emphasized upon how supervised drinking leads the way within such discussions because it allows the parents to know what their young ones are doing and when. There is the important metaphor of being aware about each and every happening related to them that seems to satisfy the parents in entirety. Hence this article is a manifestation of how drinking has been a bane all these years yet somehow it can be triggered to achieve a better outcome in the end. I personally believe this article touches upon quite a few important points which are significant to be highlighted in this day and age. Even though parents would have a problem discussing such matters with their children – the fact of the matter remains entrenched in the belief that children have to be told about the positive and negative sides of drinking by their parents since they are the closest to them. I also opine that this article emphasizes upon the fact that in order to be taken on as ‘cool’ parents, some of these would go the extra mile and do something which other conventional parents would not even get into. They cannot afford to let their young ones go haywire and hence the need to be at their defensive in such a different way. Some would see this as a drastic step but what they might forget is the understanding that these parents are taking such measures to make sure that their young ones actually remain on track. They would allow their children t o drink yet in a measured way, which then again is a step in the right direction (Gillis, 2009). What I have understood from this article is the fact that parents have started to become more considerate towards their children as far as allowing drinking regimes are concerned. It is because perhaps they have come closer to their children which indeed is a good omen for the families at

Taxation project 01 Case Study Example | Topics and Well Written Essays - 1000 words

Taxation project 01 - Case Study Example Therefore, assuming a marginal tax rate of 39.6%, amount available for reinvestment = annual cash flow – tax. Thus, 100,000 - (100,000*39.6%) = 100,000 – 39,600 = $ 60,400 (Schanz & Schanz, 2011). Q2: If Sandra operates the business as a regular C Corporation that makes no dividend distributions, calculate the annual after tax cash flow available for reinvestment in the business. A C corporation is a business organization formulated to restrain the owners’ liabilities. Therefore, C corporations, in the eyes of law, are different from their owners. Using corporate tax rates, the business income is taxed at 34%. Therefore, if the corporation makes no dividend payments, the annual after tax cash flow available for reinvestments in the business = 13750 + {(100,000 – 75,000)*34%)} = (100,000 – 22,250) = $ 77,750 (Schanz & Schanz, 2011). Q3: there is no tax consequence in this case. Therefore, Sandra is still obligated to pay (100,000 *39.6%) = $ 39,600 as tax expense. As a result, the annual after tax cash flow remaining in the business = (100,000 – 39,600) = $ 60,400. On the other hand, Sandra will have (100,000 – 20,000) = $ 80,000 from the withdrawal (Schanz & Schanz, 2011). Q4: Sandra’s corporation will be taxed twice if withdrawals are made to fund dividend payments to shareholders. The first tax will apply to taxable income and the second will be applied to dividend. However, the rate of tax and the taxable income will not be affected. The income tax = 13,750 + ((100,000 -75,000) * 34%) = 22,250. As a result, after tax cash flow remaining for investment in the business = {100,000 – 22,250} = $ 77,750. The dividends will be subject to tax rate similar to that of long-term capital gain (15%). Therefore, the after tax cash flow from the dividend = (20,000*20%) = $ 4,000 (Schanz & Schanz, 2011). Q5: If Sandra wishes to operate the business