What is taxable income

Assignment Help Accounting Basics
Reference no: EM132703970

Question - For 2021 a company has pre-tax accounting income of 162,000 included in accounting income is 16200 in warranty expense that is not deductible for tax purposes additionally tax depreciation exceeds financial accounting depreciation by 24,300 assume a tax rate of 30%. What is taxable income?

Reference no: EM132703970

Questions Cloud

How foresee using the concepts in life in general : How you foresee using the concepts, tools, & knowledge obtained in this course in your future careers, education, or life in general.
What did the job and was it a personal testimony : Our readings this week suggest that using narrative storytelling and choosing our words carefully can persuade our audiences to change their thinking.
What the impact of lagging leadership creativity : How positive team culture can correct the impact of lagging leadership creativity. Additionally, we discussed how digital transformation leaders
How inspiring you are as leader by assessing your own skills : Answer the 12 questions in Murray, Ch. 18, with brief paragraphs rather than a numerical rating. Reflect carefully upon how you know what you think (evidence).
What is taxable income : For 2021 a company has pre-tax accounting income of 162,000 included in accounting income is 16200, What is taxable income
What steps in addition to verifying systems performance : In EA Credit 3: Enhanced Commissioning, what steps in addition to verifying systems performance must be done by the commissioning agent?
Explain the psychological ethics for legal purposes : In your opinion, could there ever be a time in which you might intentionally compromise psychological ethics for legal purposes? Please explain your position.
How much will she have at the end of the years : She will be making the investments at the beginning of each year. How much will she have at the end of the 5 years
Why studying building orientation is so important : Do you agree that LEED is difficult and expensive for individual homeowners and smaller noncommercial projects? Present your arguments.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd