Daniel and Debra have a principal residence in Ohio, but they also own residences in South Carolina and Colorado. None of the homes are rental property. For 2021, their total real property tax bills total $9,800. On how many of these homes can Daniel and Debra deduct the real property taxes?

Answers

Answer 1

Daniel and Debra deduct the real property taxes on 3 homes.

Fixed asset tax rate from 1% to 2% of the appraisal value.

Article 233 of the Local Government Act of 1991 provides the following basic fixed asset tax rates based on the appraisal value of the real estate in the Philippines. 2% for cities or municipalities in Metro Manila.

Real estate includes land, permanently related buildings, and facilities. Property taxes are levied on agricultural, commercial, industrial, residential, and practical assets. Private property is a property that is not permanently attached to real estate. B. Appliances, furniture, tools, computers.

Real estate is real estate and anything that is permanently attached to real estate. Property owners have all property rights, including the right to own, sell, rent and enjoy the land.

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Related Questions

Which one of these is a disadvantage of the corporate form of business? multiple choice access to capital unlimited personal liability for owners limited firm life legal requirements

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Double taxation to shareholders of distributed earnings and dividends, is a disadvantage of the corporate form of business.

Due to the movement of funds from the corporation to the shareholders when a company chooses to pay out dividends, the government taxes the earnings twice.

The business is first taxed at year's end when it is required to pay taxes on its profits. When the shareholders get dividend payments from the business's post-tax profits, a second tax is levied.

The shareholders pay taxes twice: once as owners of a business that generates profits and once as individuals who are required to pay income taxes on their individual dividend income.

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An asset's ______ is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.

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An asset's liquidity is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.

What is Asset Liquidity?When a financial asset is bought or sold, its liquidity relates to how quickly it may be transformed into cash. The ability to move cash quickly and readily without affecting its market value makes it the asset with the highest liquidity.An asset is considered to be liquid if it can quickly and easily be turned into cash. Cash, instruments from the money market, and marketable securities are examples of liquid assets. Keeping track of the liquid assets that make up a component of one's net worth can be a worry for both individuals and organizations. A company's liquid assets are recorded as current assets on its balance sheet for financial accounting reasons.

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The answer is liquidity of the asset.

When an asset is purchased or sold, its liquidity relates to how readily it may be changed to cash. Cash is the most liquid asset since it can be traded fast and readily without affecting its market value.

Liquidity is defined as having enough cash on hand to satisfy financial obligations. Cash or the property that can be easily converted to cash without suffering a significant loss in value are examples of liquid assets. Higher the liquidity better it is .

Therefore, the answer is asset's liquidity.

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The texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. who is responsible for investigating?

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The Texas general land office is accused of mishandling funds earmarked for hurricane relief and recovery. The governor is responsible for investigating .

The governor is responsible for investigating because only the governor can call a special session . The governor also gets to set the agenda for the session as well.

The General land office has the responsibility to administer funds in the event of natural disasters like Hurricanes. They are also responsible to provide aid for long term as an disastrous event can displace people for months.

The Texas general land office through the community development and revitalization division works to rebuild communities by putting texas back in homes , restoring infrastructure and preventing future damage through planning.

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The ______ makes it illegal to send unsolicited commercial solicitations via fax without the recipient's permission or an established relationship.

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The Junk Fax Prevention Act of 2005 makes it illegal to send unsolicited commercial solicitations via fax without the recipient's permission or an established relationship.

In 2005, the Junk Fax Prevention Act amended TCPA to allow senders to send unsolicited fax junk mail to individuals and companies with which they have established business relationships and to allow senders to send such junk mail. provided a process for opting out of It is necessary to adjust the mail service according to your request. On April 5, 2006, the European Commission passed legislation to implement the Junk Fax Prevention Act.

In particular, European Commission regulations at 47 CFR §64.1200 require the sender of a fax commercial to obtain the recipient's permission before sending a fax. Fax senders must also include a notice and contact information with the fax that allows the recipient to opt out of future fax transmissions from the sender. Compliant.

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As an oligopoly firm produces at a higher output, economies of scale allow the costs per unit (atc) to _____________ significantly.

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As an Oligopoly firm produces at a higher output, economies of scale allow the costs per unit (ATC) to decline significantly.

When firms in an oligopoly market individually chooses production in order to maximize profit, a quantity of output is produced by them which is higher than the level produced by monopoly and lesser than the level produced by competition.

The existence of economies of scale in certain industries can lead to oligopolistic market structures in those industries. This oligopoly market structure refers to a market form in which there are only a few sellers and they sell similar products.

The Oligopoly firm produces at a higher output, and so the costs per unit here decline significantly. Oligopoly firms are also able to take advantage of economies of scale that reduce production costs and prices.

Thus, when the oligopoly firm produces at a higher output, economies of scale allow the costs per unit (ATC) to decline significantly.

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Cylle installs a unique home entertainment center. he charges a flat fee of $1,200 for the system and the installation. what revenue model does cylle employ?

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Unit sales is revenue model employed. On a balance sheet, the unit sales figure represents the total sales of a product in a given period. This sales data is used to determine the price point that allows for the highest profit per unit while employed the actual cost of production.

For example, we could say that the iPad Air sold for $200 or 10,000 units, when the actual sales value is $2 million and the quantity employed is 10,000 units. As a result, unit sales of $200 are possible. Total Sales Value/sales Quantity = 2,000,000/10,000 = $200 in unit sales.

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People who receive a promotional impression and who give some thought to buying the product are considered:______.

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People who receive a promotional impression and who give some thought to buying the product are considered: Sales leads

An impression is an imprint, either in one's mind or on an object.an opinion or feeling that you have about someone or something you have seen but do not know very well.

Impressions fall into three basic categories:

patentlatentplastic.

An example of an impression is the mark you make when you press your finger into clay.

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Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as ______. Multiple choice question. secondary users intermediate buyers alternate consumers organizational buyers

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Manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as organizational buyers.

Who are organizational buyers?Individuals who represent a company are known as organizational buyers. When making purchases, these buyers often take into account both their own preferences and the suspected preferences of the clients to whom the organizational buyer's business will sell.Organizational elements such as the purchasing objective, policy, procedure, and organization all have a significant impact on organizational purchasing. Authority, interest, and prestige are examples of interpersonal factors. Age, education, employment position, risk-taking, and personality are all individual factors.

Therefore, manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and government agencies that buy products and services for their own use or for resale are known as organizational buyers.

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A(n)_____ -end fund issues shares only when it is organized and its shares are usually traded on a stock exchange.

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Answer: closed

Explanation:

____________ is a completely inadequate mechanism ____________________ in a modern advanced economy.

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Barter is a completely inadequate mechanism to trade in a modern advanced economy. A barter is a transaction in which two or more persons exchange their products or services without exchanging the cash. In its simplest form, barter entails exchange of one party's good or service for another party's goods or service.

When two people each have goods the other wants, they can figure out mechanism of what those things are worth and how much to give to make the most use of their resources. Barter predates the creation of actual hard cash and is world's oldest form of trade.

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Henson Company has an investment opportunity that costs $9,936 and increases annual net cash flows by $3,000. Assuming a present value factor of 3.312127, the net present value of the investment is $

Answers

The Net Present Value of the Investment is -$1,064

SOLUTION“Net present value is the present value of the cash flows at the required rate of return of your project compared to your initial investment,” In practical terms, it's a method of calculating your return on investment, or ROI, for a project or expenditure.An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.

Annual Cash Inflows                   $3000

Present Value Factor                  3.312127,

Present Value of Cash Inflows   $9936

Less: Initial Investment               $11,000

Net Present Value                      -$1,064

EXPLANATIONIn net present value method the future cash inflows rate are discounted to present net value at discount rate (PV FACTOR)The rationale for discounting is money received today is more valuable than the money to be received in future.So the present value of cash inflows is compared with initial investment if net present value is positive then the project is accepted otherwise its rejected.

In this case the net present value is negative, hence the project will be rejected.

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A crowdfunding issuer wishes to offer its stock to the public in a way that prospective investors will have access to investment advice and recommendations before committing. How can this be done

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Intermediary use of a broker-dealer.

Broker Dealer: Who are they?

A broker-dealer (B-D) is a person or company who trades securities for their own account or on behalf of their clients. Since the majority of stock brokerages function as both agents and principals, the term "broker-dealer" is used to define them in terms of U.S. securities laws.

What Kinds of People Work as Broker-Dealers?

The most well-known broker-dealers include TD Ameritrade, E-Trade, and Charles-Schwab. While E-Trade and TD Ameritrade are essentially online brokerage firms, others of these, like Charles-Schwab, are comprehensive financial services companies.

How does crowdfunding operate and what is it?

Crowdfunding is the practice of using modest sums of money from a large number of people to finance a new business endeavor. Depending on the nature of crowd sourcing, investors receive perks like shares in the company that raised the money or donate money voluntarily.

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Home inspector Murray is explaining to first-time buyers in Peabody what he looks for during a home inspection. What is his primary goal

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Home inspector Murray is looking for health and safety issues that may affect both the cost, living and enjoyment of the home.

You can start thinking about the intersection of government and the economy in the United States by considering your everyday life. From the time you get up in the morning until you go to bed at night, what contacts do you have with the government

Answers

Societal interactions are the foundation of social structures and cultures. People create the laws, institutions, and systems they want to live in by interacting with one another.

How you interact with government in the United States by considering everyday life?  

Your interactions with the government and your contacts are both connected to the economy in some way. You awaken at seven in the morning thanks to the alarm on your phone. The FCC controls how you can use your phone. And the E. P. A. measures the specific environmental effects of lithium batteries. Eat your breakfast, Food consumption is governed by the Department of Agriculture. The FDA similarly assesses the safety of foods using drug-based criteria.  Let's say you drive to work at nine in the morning. The roads are governed by the Department of Transportation.  The FCC, as well as the FBI and the Department of Homeland Security, which oversees threats from cyberterrorism, govern the internet that you use at work. All of these things are governed by the Department of Commerce since the commerce clause subjects commodities and commerce to Congressional inspection.  Let's say you buy lunch at noon. You learn about taxes for the first time at that time, and there are also state sales taxes. Excise taxes apply if you buy alcohol or smoke. This is just a brief preview, I guess. I've already interacted with 20 federal agencies five hours into the day.

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Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in.

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Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in the cash flows from investing activities section.

What is depreciation?

Depreciation is an accounting technique that distributes an asset's cost throughout its anticipated useful life. Depreciation is a recurring expense that businesses report on their income statement. Assets degrade with time, losing value.

Which activities are reported on the statement of cash flows?

Transactions must be divided into the three categories of operating, investing, and financing activities that are shown on the statement of cash flows.

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Kyle took a photograph of his sister, but he later noticed that his lens was marginally out of focus. Which tool can he use to improve the image

Answers

The Unsharp Mask tool is the photograph tool that can be used by Kyle to improve the image despite that it was out of focus.

What is an unsharp mask?

This refers to an image sharpening technique that was first implemented in darkroom photography but now popularly used in the digital image processing software.

The tool is common among photographer because it helped toi increases the image contrast along the edges of objects in a photo and it will correct the out-of-focus. It also helps to change the relative highpass content in an image by subtracting a blurred version of the image.

Despite that it is an after-capture tool, the effect are usluslly not detected edges but the pixel values can vary from their neighboring pixels by a certain amount.

Therefore, the Unsharp Mask tool is the photograph tool that can be used by Kyle to improve the image despite that it was out of focus.

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Which method for counting gross domestic product focuses on the money paid for all the factors of production as well as profits earned by business owners?

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The method of GDP calculation that looks at the profits earned by business owners and the money paid for factors of production is the Income approach.

How is the income method of GDP used?

With the income method, the total amount that was paid for to access the factors of production is looked at.

This shows how much spending happened in the economy. The profits of entrepreneurs is also looked at as it is income earned, and not money spent on production.

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Suppose that, if their income rises by $100, all households in Normalia raise their spending by $90. Instructions: Round your answers to one decimal place. The MPC in Normalia is:

Answers

The MPC in Normalia is 0.1 after rounding the answers to one decimal place.

What Is Marginal Propensity to Consume (MPC)?

The percentage of an overall salary increase that a customer spends on purchasing goods and services rather than saving is known as the marginal propensity to consume (MPC) in economics.

Key Features of MPC:The percentage of additional income that is spent on consumption is known as the marginal propensity to consume.Depending on income, MPC fluctuates. MPC tends to be lower at higher income levels.The Keynesian multiplier, which describes the impact of additional investment or government spending as an economic stimulus, is mostly determined by MPC.

Marginal Propensity to Consume (MPC) = (Change in spending)/(Change in income)

= $90/$100 = 0.9

Marginal Propensity to Save

= 1 − MPC

= 1 − 0.9 = 0.1

Hence, the MPC in Normalia is 0.1.

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Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) 9.9 % Quarterly % 18.9 Monthly 14.9 Daily 11.9 Infinite

Answers

EAR = [ 1 + (APR/m)]^m -1 where, m = periods in one year.

What Is the Annual Percentage Rate (APR)?

The term "annual percentage rate" (APR) describes the annual interest that is produced by an amount that is charged to borrowers or paid to investors. APR is a percentage that represents the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other charges related to the transaction. Consumers can evaluate lenders, credit cards, and investment goods using the APR as a benchmark figure.

What Makes an Effective APR?

What constitutes a "good" APR will vary depending on the market's competing rates, the central bank's prime interest rate, and the borrower's own credit score. Companies in competitive industries will occasionally offer very low APRs on their credit products, such as 0% on vehicle loans or leasing options, when prime rates are low. Although these low rates could sound alluring, clients should make sure that they are permanent and not just introductory rates that will change to a higher APR after a set amount of time. Furthermore, individuals with really good credit ratings can be the only ones who can get low APRs.

Calculation:

a. [ 1 + (0.099/4)]^4 -1

EAR = 10.27%

b. [ 1 + (0.189/12)]^12 -1

EAR = 20.62%

c. [ 1 + (0.149/365)]^365 -1

EAR = 16.06%

d. [ 1 + (0.119/10,000)]^10,000 -1

EAR = 12.63%

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Correct question:

Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)

a. 9.9% Quarterly

b. 8.9% Monthly

c. 14.9% Daily

d. 11.9% Infinite

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $20,000 face value and 6% interest. On October 30, the journal entry to record the collection of the note should include a

Answers

journal entry to record the collection of the note would be:

debit to Notes Receivable for $20,000

credit to Notes Receivable for $20,300

debit to Interest Receivable for $300

*credit to Interest Revenue for $300

More about journal entry:

A journal entry is a record of a business transaction in an organization's accounting system. Journal entries are the foundation of the double-entry accounting method, which has been used to keep financial records for centuries. They allow a company to track what its resources have been used for and where those resources came from.

More about Notes Receivable:

Amounts owed by customers for which a formal credit agreement has been written and signed Typically used when payment is not expected for more than 60 days. A formal credit account requiring interest is sometimes used to settle an account receivable. Depending on the term of the note, it can be a current or noncurrent asset. The borrower on a note is referred to as the "Maker." The "payee" is the party making the loan.

Interest Receivable:

It is the interest earned by the company, but not yet collected in cash.

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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.

Answers

he decrease in auto sales impacts GDP because new automobiles are counted as consumption when purchased by households and investment when purchased by businesses.

What is the impact of the decline in auto sales?

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Consumption spending includes spending by households on goods and services. Consumption spending includes :

spending on durables - e.g. laptop spending on nondurables - e.g. clothes, foodspending on services  - e.g. payment of hospital bill

Investment includes purchases of goods and services made by businesses in the production of goods and services

Here are the options:

investment; consumption

durable goods; nondurable goods

nondurable goods; durable goods

consumption; investment

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Employees and the public are frustrated by high levels of executive compensation because:_______

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The answer is that senior executives frequently receive bonuses whether or not the business is profitable. Employees compensation is a statistical word that is frequently used in business accounts as well as national accounts and balance of payments data. Essentially,

It refers to the total gross (pre-tax) salaries that employers pay to workers for services rendered over a given accounting period, such as a quarter or a year. The Hourly, Salaried, Commission, and Bonuses are  Four Major

Types of Direct Compensation. Most consumers want to hear about direct compensation, especially base pay and variable pay, when they inquire about compensation.

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What two technological innovations greatly expanded the industrial employment of women in the late nineteent?

Answers

The typewriter and telephone were two technological innovations that greatly expanded the industrial employment of women in the late nineteenth.

The most effective and enduring union after the Civil War was the Union of America. The main contention of those who criticized "industrial employment" was that these people... built their wealth and power through the exploitation of workers.

In 1862, Congress passed the Pacific Railroad Act, establishing the 32nd Parallel as the first transcontinental route and giving a right-of-way to a large stretch of land. The act authorized two railroad companies, Union Pacific and Central Pacific, to build the line.

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Which of the following statements is false with regards to internal controls? a) Stockholders of publicly-traded companies can be imprisoned if their companies fail to comply with internal control rules. b) Publicly-traded companies must develop a system of internal control. c) None of these is false, Publicly-traded companies internal control system must be evaluated by the company's independent auditor. d) Publicly-traded companies must ensure that their internal controls are reliable and effective.

Answers

The question is about the internal controls, a public limited company is required to maintain a good level of internal controls and so A) is false.

What is Internal Control?

Internal controls are the controls which are enforced by the management, improved by internal auditors and checked by external auditors.

There is no such clause if a public traded company fails to comply with internal controls the stockholders are not imprisoned instead the stockholders are the shareholders or the owner of the company.

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Dima called her friend to tell her that she saved 30% on her new skirt at a discount store. Her friend told her that she could have gotten a better deal at a different store that was advertising a sale of One-third off all clothing. If the original price of Dima’s skirt was $54, how much more could she have saved at the store her friend suggested?
A. $1.11
B. $1.80
C. $36.00
D. $37.80

Answers

If the original price of Dima’s skirt was $54, the amount that she have saved at the store was option(b)i.e, $1.80.

Let's just take the sales price of the skirt Dima purchased from the discount shop as the rate of the other retailer is not provided.

Original price: $54

Discount rate: 30%

$54 x 30% = $16.20 value of the discount

$54 - 16.20 = $37.80 discounted price.

Since Dima's friend told her she could have had a better deal at a different store, this means that the discount rate is higher than 30%. i.e, the discount is 33.33%

$54 x 33.33%  = $17.99 value of the discount

$54 - 17.99 = $36.00 discounted price.

Discount store: $37.80

Different store: $36.00

The different store sales price is cheaper by $1.80

Therefore, she could have saved $1.80 at the store her friend suggested.

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Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online. The annual percentage rate on the credit card is 12%. Kanya wants to buy a laptop that costs $420. Which statement about the cost of the laptop is true?
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 more than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 less than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.

Answers

Option (d) is true i.e, If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.

The Discount is a price cut applied to the regular cost of a good or service in an effort to generate or boost sales. Retailers and manufacturers use these reductions, also known as "sales" or "markdowns," across a variety of industries.

Types of Discounts:

Trade discount, Quantity discount,  Cash discount.

A price reduction offers a financial benefit, an incentive for customers to buy the product, according to the economic impacts of price reductions. Numerous earlier research has shown that consumers perceive greater levels of savings for a product when a larger price discount is offered.

The credit card that Kanya has to give a discount of = 6%

The cost of the laptop Kanya wants to buy costs= $420

The amount that will be deducted from the cost of the laptop= 420 × 6/100

= 2520/100

= $25.2

Therefore, the correct statement is that If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.

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If you were told that the exchange rate was 1.2 Canadian dollars per U.S. dollar, a watch that costs $12 US dollars would cost

Answers

If the exchange rate was 1.2 Canadian dollars per US dollar, a watch that costs $12 US dollar would cost 14.4 Canadian Dollars.

What is Exchange Rate?

An exchange rate is the currency difference that two different currencies have this rate converts one currency into another. There are countries whose currency is high and there are small countries whose currency is too low, exchange rate helps to convert currency.

1 US Dollar is equal to 1.2 Canadian Dollars, while calculating the cost of watch we need to multiply the US dollars with the exchange rate given to get the amount in Canadian Dollars.

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A buyer's gross income is $90,000 per year. She pays $300 for a car loan and $200 for her student loan. When she applies for a mortgage the bank requires a maximum debt-to-income ratio of 36% on all debt, and a maximum 28% debt-to-income ratio for housing debt. What is the maximum monthly house payment the bank will approve

Answers

Based on the buyer's gross income, her car and student loan payments, and the maximum debt-to-income ratio, the maximum monthly house payment that the bank will approve is $2,100.

What amount will the bank approve?

The maximum debt-to-income ratio for housing the bank will approve is 28% which is:

= (90,000 / 12 months) x 28%

=$2,100

The maximum debt-to-income ratio is 36%:

= (90,000 / 12 months) x 36%

= $2,700

Allowance for debt:

= 2,700 - 300 - 200

= $2,200

There is therefore enough space to take on the maximum debt-to-income ratio for housing so the amount of $2,100 will be approved.

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Assuming that the monopolistic competitor faces the demand and costs depicted below and finds the profit maximizing level of output, what will be the firm’s profit?

Answers

The firms profit that the monopolistic competitor will have Profit maximizing output is found where marginal revenue and marginal cost  curves intersect.

Monopolistic opposition exists while many companies provide competing services or products which might be similar, however no longer ideal, substitutes. The obstacles to entry in a monopolistic competitive industry are low, and the choices of any individual company do no longer directly affect its competition.

To find the proft/loss, find the area of rectangle enclosed by the quantity, price, cost and origin. But since cost per unit is higher than price per unit, the seller will actually incur a loss equal to a negative sign with it.

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At the end of 2013, Company B has retained earnings of $13,500,000. During 2014 the company earns pre-tax income of $7,000,000. Historically, the company has not paid dividends. However, in December, 2014, the company announces a change in dividend policy whereby beginning in 2015 it will pay $0.15 per share on 3,000,000 outstanding shares, to be paid in January, 2015. The company has a marginal tax rate of 40% and a corporate tax rate of 30%. What is Company B's retained earnings at the end of 2014

Answers

Company B's retained earnings at the end of 2014 is $17,250,000.

Retained earnings

Using this formula

Retained earnings=Retained earnings +Pre-tax income×(1-Marginal tax rate)-Price per share× Outstanding shares

Let plug in the formula

Retained earnings=$13,500,000+($7,000,000× (1 - 40%))- ($0.15 × 3,000,000)

Retained earnings=$13,500,000 + $4,200,000- $450,000

Retained earnings= $17,250,000

Therefore Company B's retained earnings at the end of 2014 is $17,250,000.

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