During the year 2021, Johnny is having a hard time fin decided to set up a small business in order to get by ev whole year, his small business realized total sales of P

Q: why are the operating taxes in the FCF analysis calculating without taking into account the tax…

A: Interest paid on loans or debts is an expense for the company. Also these interests reduces the…

Q: How is sales tax recorded? Is it considered an expense of a business? Why or why not?

A: Most states levy sales taxes on goods and services. Those states differ on what is taxed and for how…

Q: amounted to P126,700. The foods and drinks b nightclub are being served by Tiberio, a non-VA uring…

A: Amusement tax refers to the form of tax levied on any source of commercial entertainment services…

Q: Explain how does the company’s effective tax rate calculated.

A: Effective interest rate:   An effective interest rate is the real return on savings account or any…

Q: QUESTION: if Chiz is non-VAT registered, how much is the business tax payable?

A: Non Vat Register For the Non Vat register whose gross sales / gross receipts which are not crossed…

Q: meron is single and has taxable income of $93,656. Determine his tax liability using the tax tables…

A: Income tax: - Income tax is the tax that has to be paid to the income tax department by the…

Q: Which business enterprises pay untaxed profits to owners/partners who then pay the taxes on their…

A: Profits are referred to as the gains which a business earns when it sells the good or provides the…

Q: What is qualified business income deduction in taxation/accounting? And, how is it used to reduce…

A: Certain business owners can benefit from the Qualified Business Income (QBI) deduction. Taxpayers…

Q: How does payments for tax and licenses affect accounting equation

A: The accounting equation shows that the asset is equal to the sum of liabilities and stockholders'…

Q: What are all type of taxes we need to pay

A: As individuals and as entities we need to pay various direct taxes as well as indirect taxes in our…

Q: Given the following tax structure, what minimum tax would need to be assessed on Shameika to make…

A: Tax Rate=Total TaxTotal Salary×100

Q: How do the tax laws and financial accounting standards differ?

A: Financial Reporting:   Financial reporting is the process of disclosing the financial results of the…

Q: Which of the following is subject to the creditable withholding tax system?

A: Creditable withholding tax is an advance income tax of the particular tax payee. This would mean…

Q: what are the two components of income tax expense

A: PLEASE LIKE THE ANSWER  Firstly, income tax expense means an amount of tax expense incurred on the…

Q: What are the capital assets subject to capital gains tax?

A: capital assets are significant piece of property which may be the home ,cars investment property…

Q: What is an imputation tax system? Briefly explain the chronology of dividend payment.

A: Countries like Australia and New Zealand follow 100% imputation system, whereas Canada and United…

Q: deferred tax assets and deferred tax liabilities

A: The deferred tax assets and deferred tax liabilities arise due to the tax effect of timing…

Q: What is an unrecognized tax benefit and how does it affect a company's current income tax expense?

A: The Meaning of Income Tax: FASB defines income tax as a tax on earnings. It is measured in terms of…

Q: What is the name of the amount of money that can bededucted directly from the computed tax, instead…

A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…

Q: Billy is a 16-year old dependent on his parents' tax return. Billy has the following income. He has…

A: Introduction The taxable income of a child is calculated by bifurcating his earned income and…

Q: HOW MUCH IS THE COST OF GOODS SOLD? 2. HOW MUCH IS THE COST OF GOODS AVAILABLE FOR SALE? 3. HOW MUCH…

A: Net purchases = Purchases - Purchase return               = 200,000 - 10,000               = 190,000

Q: What is your firm’s tax expense in its latest financial statements?

A: The tax expenses in the financial statement of the company refers to the amount of taxes paid by the…

Q: What are FUTA and SUTA taxes? Is there any possible reduction in the FUTA tax rate? If so, what is…

A: Introduction: Employer payroll taxes are paid by the employer from its own funds on the basis of…

Q: Discuss the tax treatment for business and investment expenses.

A: Tax treatments usually explain the procedural computation tax liability of an individual by stating…

Q: What problems might create from payroll tax deferral?

A: Highlights of the payroll tax deferral scheme:- It applies to all those employees whose before tax…

Q: How did you come up the number for Income before income tax, why did you subtract the quipment cost.

A: Income before tax=Tax expenseTax rate-Depreciation expense

Q: How does the disposition effect impact investor tax?

A: Introduction: The disposition effect is coined by economists Hersh Shefrin and Meir Statman in a…

Q: Q1 Q2 Q3 ues 20,000 25,000 18,000 ions 16.000 30.000 23. 000

A: Tax refers to the amount which is imposed by the taxation authorities on the entities or individuals…

Q: Mang Panday, a resident citizen taxpayer approached you and presented the following- * Description…

A: The calculation solution for the above mentioned question is given in the following steps.

Q: How do I calculate the amount of sales tax that is included in total receipts?

A: Sales tax = Actual sales * Tax rate

Q: l financing affects tax liability

A: Step 1 Debt financing is well regulated under U.S. tax law. Businesses can deduct interest payments…

Q: Buyer Seller Regular Casual Foreign Resident Casual Regular ✓ ✓ ✓ ✓ ✓ ✓ ✓ Resident Foreign ✓ ✓ C D…

A: Business Tax-The meaning of business taxation refers to the taxes that businesses must pay as a…

Q: How much was the profit before finance cost and income tax?

A: Cash Flow Statement is a part of the Financial Statement of a company. It literally means a…

Q: why is income tax expense shown in the income statement different from the income tax paid shown in…

A: Income statement: The financial statement which reports revenues and expenses from business…

Q: Is input tax and output tax shown on the accounting worksheet?

A: 1. Input Tax - Input Tax is a tax on the purchase of the goods or expenses incurred. 2. Output Tax -…