Ans A BUSINESS HAS PRE-TAX INCOME OF $100,000 ANDPAYS $25,000 IN TAXES. WHAT IS THE EFFECTIVE TAXRATE?

Effective tax rate refers to the percent of income that an individual or corporation pays in taxes.…

Answered: A BUSINESS HAS PRE-TAX INCOME OF…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter15: Choice Of Business Entity—other Considerations

Section: Chapter Questions

Problem 72P

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Similar questions

A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the companys pre-tax income in order to have $60,000 after-taxes? A. $88,235 B. $19,200 C. $79,200 D. $143,000
Tax rate?
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Accounting Problem
Required Answer each of the following questions by providing supporting computations. 1. Assume that the company’s income tax rate is 30% for all items. Identify the tax effects and after-tax amounts of the three items labeled pretax. 2. Compute the amount of income from continuing operations before income taxes. What is the amount of the income tax expense? What is the amount of income from continuing operations? 3. What is the total amount of after-tax income (loss) associated with the discontinued segment? 4. What is the amount of net income for the year?
Can you please help me with this question?
What is the amount of Taxes Owed for the period if the tax rate is 30%, if Earnings Before Taxes ( a.k.a. EBT, or pre-tax earnings) is 250,000?
Need Help with this Question
Need help to learn how to calculate the tax liability, after-tax earnings, and average tax rates for the following levels of corporate earnings before taxes: $7,700; $81,100; $304,000; $499,000;$1.9 million; $9.8 million; and $19.8 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). What generalization can be made concerning the relationship between these variables? Attached is the chart
How are you determining income before income tax answer of $166,000?
I need step by step instructions for the problem e) what is the average income tax rate?** I know you have to divide total tax expense by the net income before taxes.So,For E) the income tax expense is $13,134Net Income before tax??Average Tax rate: ??Revenue : (sales) $144000(service) $28700All the taxes :depreciation tax $10400Interest expense $2400Income Tax expense. $13,134Supplies expense. $12,700F) if $18,500 of dividends had been declared and paid during year, what was the January 1 2016 balance of retained earnings?Retained Earnings Dec 31st : $59000Dividens declared: ???Retained Earnings January 1st: ???Please solve and explain thoroughly.
If you have a taxable income of $369,770.00, what is your top marginal tax rate? total tax bill? S average tax rate? de % %

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A BUSINESS HAS PRE-TAX INCOME OF $100,000 AND PAYS $25,000 IN TAXES. WHAT IS THE EFFECTIVE TAX RATE?