Acme Pest Control has sales of $13,500, cost of goods sold of $4,000, selling expenses of $3,500, depreciation of $2,000, interest expense of $2,000, and a tax rate of 34%. What is Acme's taxable income and tax expense?

es ! Required information [The following information applies to the questions displayed below.]. a) Tax BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). Note: Round your answers to 2 decimal places. FUTA SUTA b) Tax a. b. C. FICA-Social Security FICA-Medicare FUTA SUTA c) Tax Gross Pay through August 31 $ 5,300 2,800 132,200 FICA-Social Security FICA-Medicare FICA-Social Security FICA-Medicare FUTA SUTA Gross Pay for September $ 2,600 2,900 8,800 September Earnings Subject to Tax 2,600.00 2,600.00 $ September Earnings Subject to Tax 2,900.00 2,900.00 September Earnings Subject to Tax 8,800.00 Tax Rate 6.20% 1.45%…

The web Corp has sales of $143489, cost of goods sold and other expenses (excluding depreciation) of $55491, depreciation of $16870, and a debt of $8000 on which it has to pay 4% interest. It's tax rate is  35%.  Calculate its net income

Pretax accounting income is $206,000. Depreciation for tax is $111,000; depreciation for accounting is $29,000. Bad debt expense for tax is $12,000; bad debt expense for accounting is $9000. A fine for pollution of a river was imposed by the state of Kentucky for $7000. The tax rate is 20%.   Which of the following is true? Income tax expense is 206,000 x .2 The current portion is 206,000 x .20 Income tax expense is less than the current portion. Income tax expense is more than the current portion.

The following data are available for SAN ROQUE, a producer of cooking oil and became VAT registered for thefirst time in 2018 (ALL amounts are net of tax):  Sales are P 680,000; Purchases of corn as raw materials are P 80,000; Purchased of supplies from VATregistered is P 20,000; Two equipment costing P 700,000 (useful life is 4 years); Four big pieces of equipment costing P 400,000 (useful life is 6 years); the Beginning inventory of supplies purchased from a VAT registered, is P5,000, net of tax and beg inventory for corn of P 12,000. What is the VAT payable in July?

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Farm Solutions, Inc, sold the following items to farmers for the taxable quarter ending June 30, 2021:Fertilizers P3,040,000Pesticides 2,260,000Seeds 3,200,000Seedlings 6,050,000Farm equipment 18,730,000Total P33,280,000 1. How much is Farm Solutions, Inc's Output VAT 2. When should Farm Solutions file its VAT return for the taxable quarter ending June 30, 2021 3. When should Farm Solutions file its VAT return for the taxable quarter ending June 30, 2021 4. Assuming Farm Solutions is an agricultural cooperative, and the farmer are its members, how much is Farm Solutions' output VAT?

Pyri Flours, a sole proprietorship, owes $9, 741 in taxes on taxable income of $61,509. If the firm earns $100 more in income, it will owe an additional $22 in taxes. What is the average tax rate on income of $61,609?

Holly Farms has sales of S509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of SI2,400. The tax rate is 28 percent. How much net income did the firm carn for the period?