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

Explanation of Pre-tax Income:Pre-tax income, also known as earnings before tax (EBT), is the amount…

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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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
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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?
How much does the item cost before tax on these financial accounting question?
How are you determining income before income tax answer of $166,000?
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 % %
4.An individual made $85,000 for the year. Using the tax given , answer the following questions: A.What is this person's marginal tax rate? B.How much tax does this person owe? C.What is the effective tax rate?
Compute for the tax due of the following individuals using the RA 10963 tax table. Show computations. 1. A business has net income before tax of P2,410,000.
If you have a taxable income of $372,570.00, what is your total tax bill? $ average tax rate? %
Using the tax rate schedule given here LOADING..., perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $ 15 000; $ 60 000; $ 90 000; $ 150 000; $ 250 000; $ 450 000; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis) $0 to $9,875 $0 (10% amount over $0) 9,876 to 40, 125 988 + (12% amount over 9, 876) 40, 126 to 85, 525 4,618 + (22% amount over 40, 126) 85,526 to 163, 300 14, 606 + (24% amount over 85, 526) 163, 301 to 207, 350 33, 272 + (32% amount over 163, 301) 207, 351 to 518, 400 47,368 (35% amount over 207, 351) 518,401 to Unlimited 156, 235 (37% amount over 518, 401)
Use the following Income Tax Calculation table to calculate the total income tax that someone would owe if their annual income was $83,350. In the image.

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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?