Hamilton Enterprises has a 29 percent tax rate. Its total interest payment for the year just ended was $53.8 million. Required: What is the interest tax shield? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
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- A company has interest expenses totaling = $722 MM, for which they pay 7%/annum to their lender. Last year, the company paid $827 MM in tax, based on earnings before taxes of $4, 135M; what amount of additional taxes would the co. pay if they were all equity - financed (i.e., no debt) and what is the PV of tax shield (assume all metrics stay constant in perpetuity)?Vonte Company has a 21 percent tax rate. Its total interest payment for the year just ended was $19.1 million. What is the interest tax shield?Oakdale Fashions, Inc. had $245.000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rateSuppose you earn $60,000 per year and pay taxes based on marginal tax rates. The first tax bracket, which taxes at 5 percent, ranges from $0 to $30,000. The second tax bracket, which taxes at 25 percent, ranges from $30,001 to $120,000. How much will you pay in total taxes? Instructions: Enter your answer as a whole number. %24Joe Novak Corporation sold accounts receivables to Huskie Financing without recourse. If the sale of receivables had been with recourse, Joe Novak Corporation would have estimated a recourse obligation equal to 8% of receivables, and its net income would have been $8,400 less. If the tax rate for Joe Novak Corporation is 30%, how much receivables were sold?Tool Manufacturing has an expected EBIT of $74,000 in perpetuity and a tax rate of 21 percent. The company has $131,500 in outstanding debt at an interest rate of 6.8 percent and its unlevered cost of capital is 13 percent. What is the value of the company according MM Proposition I with taxes? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Company valueDakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to 2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rate ( Prev 12 of 40 E Type here to search 中 DELL F2 F4 F5 F7 F8 F10 F11 F12 PrtScr Insert Coca 24 4 V 23 ) %3D 5. 9. 8. R { } P.4. Binford Tools has an expected perpetual EBITDA equal to $67k. Its tax rate is 35%. Binford has $139k in debt at a cost of 6.85%. The unlevered capital cost is 10.25%. What is Binford's total value assuming interest is tax deductible?Please answer correct with good presentation using commas and dollar sign in each figureYou own an a townhome with an assessed value of $184,800. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) a) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? b) If the state charges a mandatory 3 1/2% penalty for late payments, how much (in $) would the tax bill amount to if you paid late?Based on the following data, calculate the items requested: Rental Costs. Annual rent Insurance Security deposit $ 8,180 $ 225 $ 1,050 Rental cost Buying cost Buying Costs Annual mortgage payments Property taxes Down payment/closing costs Growth in equity Insurance/maintenance Estimated annual appreciation Assume an after-tax savings interest rate of 6 percent and a tax rate of 28 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. $ 10,500 (9,975 is interest) $2,100 $ 5,200 $ 525 $ 1,850 $ 2,500 a. Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) b. Would you recommend buying or renting? O Renting O BuyingWith the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE $ 6,750 Credit against FUTA (assume applicable) $3,100 Group of answer choices $3,100 $7,000 $3,650 $6,750SEE MORE QUESTIONS