Total expense | 40000 |
(-) Taxes ( 25000 * 21% ) | 5250 |
After tax cost of expense | 34750 |
Lilah. Inc paid an expense of $ 40,000 of which only $25,000 was tax deductible. Lilah,...
Which of the following is NOT tax deductible for a corporation? a. interest paid b. dividends paid c. depreciation d. all of the above are tax deductible
12) Assume: Revenue is $110,000, COGS is $30,000, SGA is $25,000, and depreciation expense is $40,000. Assumir no interest expense and a tax rate of 35%, what is operating cash flow (OCF)? A) $20,250 B) $9,750 C) $49,750 D) $60,250
A firm has interest expense of $145,000, preferred dividends of $25,000, and a tax rate of 21 percent. The firm's financial breakeven point is ________. $201,646 $145,000 $176,646 $25,000
Pompeii, Inc., has sales of $55,000, costs of $25,000, depreciation expense of $2,750, and interest expense of $2,500. If the tax rate is 23 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)
13 a. The following tax proposal has income as the tax base. Calculate the marginal tax rate for an income of $5,000 and an income of $40,000. Then, calculate the percentage of income paid in taxes for an individual with a pre‐tax income of $5,000 and for an individual with a pre tax income of $40,000. Classify the tax as being proportional, progressive, or regressive. Round answers to two places after the decimal, where applicable. Tax Proposal: All income is...
Which of the following real estate taxes paid by the tax will not be deductible on the taxpayer's return? vacation home in Florida Elderly Mother's home Hunting Cabin in Montana Primary residence
WayneCorp, Inc., has sales of $555,000, costs of $300,000, depreciation expense of $40,000, interest expense of $12,000, and a tax rate of 32 percent. (Do not include the dollar sign ($).) What is this firm's net income?
Which of the following, when paid to manage investments that produce taxable income, is a deductible expense? Commissions paid on sales of stock. Cost of attending an investment-related seminar. Cost of investment advice. Cost of traveling to attend a shareholders’ meeting. Mark for follow up Question 29 of 50. Which of the following, when paid to manage s that produce taxable income, is a deductible expense? Commissions paid on sales of stock. Cost of investment advice Cost of to attend...
Papa Roach Exterminators, Inc., has sales of $709,000, costs of $215,000, depreciation expense of $40,000, interest expense of $27,000, and a tax rate of 40 percent. If the firm paid out $79,000 in cash dividends. What is the addition to retained earnings? Multiple Choice $%244,200 $204,200 $159,480 $217,200 ew s11.20
Sarah owes a deductible expense that she can pay (and deduct) either this year or next year. She is in the 22% marginal tax rate bracket. Which of the following statements about this payment is/are correct based on marginal tax rate considerations? Group of answer choices Deductions should always be taken in the current year. Sarah should pay the expense this year. If Sarah expects to be in the 32% marginal tax rate bracket next year, she should pay the...