If Gordon wants to offer five 50 % tuition scholarships to the children of his staff, how much each child pay?

 

Paul S. Gordon plans to open a day care centre for young children at the beginning of next year. He recently has arranged to rent a building and has estimated that the following annual costs will be required to operate the centre. Based on the space in the building and the three teachers available, Gordon believes that the maximum number of children that can be cared for is 120.  Required: Assume the day care centre can attract 120 children when it opens. Determine the annual fee per child that must be charged in order for the centre to break even financially. If Gordon decides that he wants to earn an annual before tax profit of $30,000 from the centre how much must he charge each child. Assume 120 children are admitted. If Gordon decides that he wants to double his before tax profit of $30,000 from the centre how much must he charge each child. Assume 120 children are admitted. If Gordon decides that he wants to earn an annual before tax profit of $15,000 and offer five full free scholarships to the children of his staff. How much each child pay?  If  the five children of his staff are not entitled to free supplies, meals and snacks, but are but get a 100% waiver on fees, how much must other children pay? An annual before tax profit is $15,000
If Gordon wants to offer five 50 % tuition scholarships to the children of his staff, how much each child pay? An annual before tax profit is $15,000 and not entitled to free supplies, meals and snacks

find the cost of your paper

Determine the trust’s Net Income For Tax Purposes and Taxable Income for the current year.

During the current year, the Jordan family trust, an inter vivos trust, has business income of $220,000. Of this amount, $50,000 is retained in the trust with a joint election….

Indicate the tax effects of these transactions on the Net Income For Tax Purposes for both the trust and for Bryan.

During 2020, the Ho family trust received eligible dividends from publicly traded Canadian corporations in the amount of $100,000. In addition, it received non-eligible dividends from the family owned Canadian….

compare the tax consequences for both Martin and the trust if the sale takes place in December 2020

The Husak family trust has only one beneficiary, Martin Husak, the 32 year old son of the settlor, Dimitri Husak. It is an inter vivos trust and its only asset….