P&L statement-
Sales | 2500000 |
Less: COGS | 1352000 |
Less: Admin & selling expenses | 665000 |
EBITDA | 483000 |
Less: Depreciation | 465000 |
EBIT | 18000 |
Less: Interest | 290000 |
EBT | -272000 |
Less: Tax @ 25% | -68000 |
Net income | -204000 |
Operating Cash flow = EBIT - Taxes + depreciation = 18000 + 68000 + 465000 = $551000
Duela Dent taxable income = $184000
using tax table, tax liabilities are 9525*.1 + (38700-9525)*.12 + (82500-38700)*0.22 + (157500-82500)*.24 + (184000-157500)*0.32 = $40569.50
So her total income tax = $40569.50
During the year, Belyk Paving Co. had sales of $2,500,000. Cost of goods sold, administrative and...
Duela Dent is single and had $196,000 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Average tax rate b. Marginal tax rate TABLE 2.3 Tax Rate Taxable income 10% 12 Personal tax...
Duela Dent is single and had $189,000 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and round your answer to 2 decimal palces, e.g., 32.16.) b. What is the marginal tax rate? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average tax rate b. Marginal tax rate TABLE 2.3 Taxable income Tax Rate 10% Personal tax rates for 2018...
Duela Dent is single and had $188,000 in taxable income. I keep getting 4105.5 but it says I'm wrong. Duela Dent is single and had $188,000 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Calculate her income taxes. Income taxes $ 42,105.50 TABLE 2.3 Taxable income Tax Rate 10% Personal tax rates for 2018 (unmarried individuals) 0- 9,525 9,525- 38,700 38,700- 82,500 82,500- 157,500...
Duela Dent is single and had $193,600 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Taxable income TABLE 2.3 Tax Rate 10% Personal tax rates for 2018 (unmarried Individuals) 0- 9,525 9,525-...
Duela Dent is single and had $183,200 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Calculate her income taxes. Income taxes TABLE 2.3 Taxable income Tax Rate 10% Personal tax rates for 2018 (unmarried individuals) 0 9,525 9,525 38,700 38,700 82,500 82,500 157,500 157,500- 200,000 200,000- 500,000 500,000+
Duela Dent is single and had $186,400 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) TABLE 2.3 Taxable Income Tax Rate Personal tax rates for 2018 (unmarrled İndividuals) 0- 9,525 10% 38,700...
Duela Dent is single and had $181,600 in taxable income. Use the rates from Table 23 (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Calculate her income taxes. Income taxes TABLE 2.3 Taxable income Tax Rate 10% Personal tax rates for 2018 (unmarried Individuals) 0- 9,525 9,525- 38,700 38,700 82,500 82,500- 157,500 157,500- 200,000 200,000- 500,000 500,000+
Duela Dent is single and had $190,400 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Average tax rate b. Marginal tax rate Taxable income TABLE 2.3 Tax Rate 10% Personal tax rates...
During the year, Belyk Paving Co. had sales of $2,395,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,325,000, $615,000, and $444,000, respectively. In addition, the company had an interest expense of $269,000 and a tax rate of 23 percent. (Ignore any tax loss or carryforward provision and assume interest expense is fully deductible.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations...
Duela Dent is single and had $188,800 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) a. Average tax rate b. Marginal tax rate TABLE 2.3 Taxable income Tax Rate O Personal tax...