A sole proprietorship firm has taxable income of $128,200. Assume this is the sole source of income forthe owner.TaxableTax RateIncome9,52510%%$49,52638,7001238,70182,5002282,501157,50024157,500 –200,00032The marginal tax rate ispercent ABCD has sales of $313,608, cost of goods sold of $164,375, inventory of $26,300, and accounts receivableof $42,960. The total days that it takes the firm to both sell its inventory and collect payment on the saleisdays

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A sole proprietorship firm has taxable income of $128,200. Assume this is the sole source of income fo the owner. Taxable Tax Rate Income 9,525 10 2$ 9,526 38,700 12 38,701 82,500 22 82,501 157,500 24 157,500 - 200,000 32 The marginal tax rate is percent

A sole proprietorship firm has taxable income of $128,200. Assume this is the sole source of income fo the owner. Taxable Tax Rate Income 9,525 10 2$ 9,526 38,700 12 38,701 82,500 22 82,501 157,500 24 157,500 - 200,000 32 The marginal tax rate is percent

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Calculate Anaheim Corporation's excess net passive income tax in each of the following alternative scenarios: a. Passive investment income, $100,000; expenses associated with passive investment income, $40,000; gross receipts, $208,000; taxable income if a C corporation, $22,400; corporate Earnings and profit, $41,000. Excess net passive income tax??? b. Passive investment income, $100,000; expenses associated with passive investment income, $70,000; gross receipts, $208,000; taxable income if a C corporation, $5,600; corporate Earnings and profit, $41,000. Excess net passive income tax??? c. Passive investment income, $100,000; expenses associated with passive investment income, $40,000; gross receipts, $208,000; taxable income if a C corporation, $22,400; corporate Earnings and profit, $0. Excess net passive income tax???
Problem 1-51 (LO 1-5) (Algo) Given the following tax structure: Taxpayer Mae Salary $ 13,000 Pedro Venita $ 26,000 $ 13,000 What tax would need to be assessed on Venita to make the tax horizontally equitable? Tax Total Tax $ 650 $ 1,690 ???
Please show work and explain
Pleas calculate the AVERAGE and MARGINAL TAX based on the tax bracket provided below. (Hint: every box in the table may NOT be used.) $0 $1,001 $3,001 Tax Bracket $10,001 $20,001 $40,001 $1,000 $3,000 $10,000 $20,000 $40,000 & Above Average Tax:__`17.729% Marginal Tax:__`25¹% Tax 5% 10% 15% 25% 30% 45% $ $ Taxable Income Amount Taxed type your ansv type your ansv type your ansv = type your ansv $16,500 $ $ $ $ Actual Tax Paid type your answe type your answe type your answe type your answe type your answe Amount Remaining $ $ $ $ type your answe type your answe type your answe type your answe
Given the following tax structure: Taxpayer Mae Pedro Venita Salary $ 22,500 $ 45,000 $ 22,500 What tax would need to be assessed on Venita to make the tax horizontally equitable? Total Tax $ 1,980 $ 4,635 ???
what is the annual real estate tax on a property that is valued at $135,000 and assessed for tax purposes at $47,250 with an equalization factor of 125%, when the tax rate is $2.50 per $100? a. $1,417.50 b. $1,476.56 c. $4,050 d. None of the above the answer is B but can you show the steps
2. Table is given below shows that marginal tax rates for Alejandro Corporation. Taxable Income of the Company is equal to $44.000. How much will the Company pay tax totally? Average tax rate? (15p) NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS. Taxable Income ($) Tax Rate 0 – 16.000 10% 16.000 – 39.000 12% 39.000 – 55.000 16% 55.000 – 70.000 19% 70.000 – 86.000 23%
3-50. Extensions of the CVP Model-Multiple Products Sell Block prepares three types of simple tax returns: individual, partnerships, and (small) corpora- tions, The tax returns have the following characteristics: Individuals Partnerships Corporations Price charged per tax return Varlabie cost per tax return (including wage pald to tax preparer).... Expected tax returns prepared per year .. $200 $1,000 $2,000 $180 60,000 $900 4,000 $1,800 16,000 The total fixed costs per year for the company are $3,690,000. Required What is the anticipated level of profits for the expected sales volumes? a Assuming that the product mix is the same at the break-even point, compute the break-even point. Suppose the product sales mix changes so that, for every ten tax returns prepared, six are for individuals, one is for a partnership, and three are for corporations. Now what is the break- even volume for Sell Block?
2. Table is given below shows that marginal tax rates for Alejandro Corporation. Taxable Income of the Company is equal to $44.000. How much will the Company pay tax totally? Average tax rate? ( NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS. Taxable Income ($) Tax Rate 0 - 16.000 10% 16.000 – 39.000 12% 39.000- 55.000 16% 55.000 - 70.000 19% 70.000 – 86.000 23%
What is the minimum tax that Pedro should play to make the tax structure vertically equitable based on the tax rate paid?
Calculate Anaheim Corporation's excess net passive income tax in each of the following alternative scenarios (Leave no answer blank. Enter zero if applicable.) a. Passive investment income, $100,000, expenses associated with passive investment income, $40,000: gross receipts, $120,000 taxable income if a C corporation, $40,000, corporate E&P $30,000 Excess net passive income tax Show Transcribed Text C Calculate Anaheim Corporation's excess net passive income tax in each of the following alternative scenarios: (Leave no answer blank. Enter zero if applicable.) b. Passive investment income, $100,000, expenses associated with passive investment income, $70,000; gross receipts, $120,000. taxable income if a C corporation, $1,200; corporate E&P, $30,000 Excess net passive income tax Show Transcribed Text ง Calculate Anaheim Corporation's excess net passive income tax in each of the following alternative scenarios (Leave no answer blank. Enter zero if applicable.) c. Passive investment…
Required: Calculate the total self employment (SE) tax on a sole proprietorship earning 2023 profit of $300.000, assuming a single sole proprietor with no other earned Income. Note: Round your intermediate calculations to the nearest whole dollar amount. Total tax $ 22,474

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