With a 10% discount rate, the present value factor of $1 received 10 years from now is 0.386

An owner of common stock will not have any liability beyond actual investment if the owner

A. Paid less than par value for stock purchased in connection with an original issue of shares. B. Agreed but failed to perform future services for the corporation in exchange for original issue par value shares. C. Purchased treasury shares for less than par value. D. Failed to pay the full amount owed on a subscription contract for no-par shares.

What is Samuel's total tax liability for 2014?

Samuel Ahn recently graduated from college and started working in a promising career field. He has a little money invested in a stock that pays no dividends. He lives in an apartment, is single, and has no dependents. He has a $22,000 student loan balance and he paid $800 interest in 2014. He is considering going back to school part-time for some additional computer classes. He does not have a personal IRA, and he contributed 2 percent of his $39,500 salary to his employer's 401(k) plan in 2014. As he completes his tax return for 2014, use the information above and below to help him answer the following questions. Standard deduction for 2014: $6,200 Personal exemption for 2014: $3,950 Tax brackets for 2014: Taxable income range Tax rate Up to $9,075 10 percent More than $9,075 but under $36,900 15 percent More than $36,900 but under $89,350 25 percent A) $5,351.25 B) $3,710.25 C) $4,541.25 D) $3,948.75