What is the annual real estate tax on a valued at $135,000 and assessed for tax purposE at $47,250 with an equalization factor of 125% property and a tax rate of 25 mills?

Q: If EBITDA is 60000 OMR, depreciation is 2000 OMR, amortization is 1000 OMR, interest is 1500 OMR,…

A: EBITDA means Earnings Before Interest, Tax, Depreciation and Amortization Amortization is used to…

Q: Leo's townhouse has a market value of $310,000. The property in Leo's area is assessed at 40% of the…

A: The market value of townhouse is $310,000.The property is assessed at 40% of market value.

Q: The Foyer Company had an enacted income tax rate of 25%. The company ended Year 1 with a deferred…

A: Given that: Year 1 deferred income tax liability = $30,000 Year 2 deferred income tax liability =…

Q: Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent):…

A: Income and balance sheet statements:

Q: The property taxes on a business office were $1170. What was the tax rate if the business office was…

A: Income tax:    It is the amount a person is liable to pay on the earned amount in an accounting…

Q: The tax on a property with an assessed value of $70,000 is $1,100. What is the assessed value of a…

A: Property taxes are calculated using the value of the property.  This includes both the land and the…

Q: Consider the following data extracted from an after-tax cash flow calculation. Before-Tax-and-Loan =…

A: Taxes are to be paid as per the applicable tax rate on the Taxable Income of any organization.…

Q: In San Francisco, the tax on a property assessed at $770,000 is $10,780. If tax rates are…

A: Given information: Tax on a property assessed at $770,000 is $10,780 Tax on a property assessed at…

Q: Compute the pretax profit (income before income taxes) if the net income is $140,000 and the income…

A: Net income = $140,000 Income tax rate = 0.30 or 30% Pretax profit = ?   Pretax profit is the profit…

Q: A company had a gross income of $7.5 million for the year in 2019. Depreciation in the year is…

A: The question is based on the calculation of tax amount for a firm, tax amount  is charged on the…

Q: alculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed…

A: Formula: Property tax due = Assessed value x tax rate Assessed value multiply with tax rate to…

Q: A company made an additional (incremental) income of $10,000 during the last week of the year. This…

A: Answer:-  Tax liability definition:- Tax liability is the mount of money owed to tax authorities in…

Q: Webster's has beginning net fixed assets of $684,218, ending net fixed assets of $679,426, and…

A: Given the following information: Beginning Net Fixed Assets: $684,218 Ending Net Fixed Assets:…

Q: Calculate the amount of property tax due: (Round your answer to the nearest cent.)       Tax rate…

A: Tax compliance is a mandatory financial charge or other type of levy imposed on a taxpayer by a…

Q: If a company's Income tax rate Is 30% and its annual depreclation deduction Is $80,000, then the…

A: Since depreciation  deduction  is debited  to profit or loss account/income statement, we will  save…

Q: How much tax is Bison Co.'s tax expense, if it has $365,000 in gross income realized, $10,000…

A: The company's aim will be to increase the profitability. The profitability of the company can be…

Q: come tax.   Please consider the following information: Rent income received in advance P150,000…

A: Solution: The permanent difference "Interest income on time deposit  200,000".

Q: Calculate the state income tax owed on a $60,000 per year salary. tax = $[ ?] %3D

A: Tax is the liability calculated on the income earned paid to the government.

Q: A company made an additional (incremental) income of $10.000 during the last week of the year. This…

A: Answer:-  Effective tax rate:- The effective tax rate can be defined as the percentage of an…

Q: A company reported in the income statement for the current year P900,000 income before provision for…

A: Income as per Books 900000 Add:/less :Permanent difference- Interest income on time deposit (not…

Q: Calculate the taxable income for the following property: Annual NOI is $200,000, debt payments for…

A: Interest on debt and depreciation are tax deductible. These are need to be deduct from Annual NOI.…

Q: What is the amount of Taxes Owed for the period if the tax rate is 30%, if Earnings Before Taxes (…

A: Taxes are the amount due to the government on the income earned by an individual or a company. The…

Q: How much must Deon pay in income tax for last year?

A: Tax refers to the amount charged by the government on individuals, partnership firms, HUF’s or any…

Q: Assuming Builtrite had taxable income of $14,000,000. If Builtrite had $60,000 in interest expense,…

A: Taxable income refers to the income which is subject to tax as per the government's regulations. All…

Q: You have some property which has an assessed value of $240,900. If the tax rate is 56.40 mills,…

A: Introduction  The mill rate is based on mills which is derived from Latin word millesimal which…

Q: Consider the following data for 2021 from an after tax cash flow analysis. What is the taxable…

A:

Q: In the quarter ended 31 March 20X2, Chas had taxable sales, net of sales tax, of $90,000 and taxable…

A: Sale tax is the tax levied on sale of goods. Sale tax paid on purchases can be booked as receivable…

Q: If Cleveland Motors Had an EBIT of $22,858,800, Interest of $7,394,600 and is taxed at an average…

A: Given: EBIT is $22, 858,800 Interest is $7, 394,600 Tax 32%

Q: base. The tax rate is 30 per cent. What is the goodwill arising on the purchase of Lamina Co? *

A: Goodwill is the amount which occurs when the purchasing company pays more than the company from whom…

Q: Trade receivables have a carrying amount of P4,000. The related revenue has already been included in…

A: SOLUTION TAX BASE OF RECEIVABLES = IF RECEIVES PAYMENT OF RECEIVABLE HAS NO TAX CONSEQUENCES , ITS…

Q: some property which has an assessed value of $240,500. If the tax rate is 65.90 mills, calculate the…

A: There are taxes to be paid on the property according the prevailing tax rate and amount of tax due…

Q: How much tax is Bison Co's tax expense, if it has $365,000 in gross income realized, $10,000…

A: Given, Gross Income = $365,000 Interest on Municipal bonds = $8,000 Tax credits = $164,000…

Q: The assessed value on a property increased from $342,000 last year to $365,000 in the current year.…

A: Tax- It refers to the compulsory financial charge or levy imposed on a taxpayer by a government…

Q: Calculate the amount of property tax due:       Tax rate Assessed value Amount of property tax…

A: The formula used as follows: Amount of property tax due=Assessed value of property×Tax rate

Q: consider a firm that has a taxable income of $90,000, and total gross revenue of $220,000 in the…

A: Taxable Income = 90,000 Total Gross Revenue = 220,000

Q: A property placed on tax rolls at $10,000 by the tax assessor in a region where the government…

A: Property Tax = Property Tax rate(Mill rate)*Taxable value

Q: Compute the before-tax revenue if tax rate is 15% and after-tax revenue is 23,800

A: Formula: Revenue before tax= Revenue After Tax(1- Tax rate)

Q: Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and…

A: The times interest earned ratio is calculated as ratio of earnings before interest and taxes and the…

Q: ate:   a. the marginal tax rate   b. the average tax rate   c. the effective tax rate.…

A: Gross income is nothing but, all income for the year, including wages, tips, earnings from…

Q: Patterson recently reported EBITA of $14.5 million. It had $2.0 million of interest expense, and its…

A: Depreciation: It is the non-cash expenses that is charged against the tangible assets of the…

Q: If the property before tax cashflow (PBTCF) in a given year is $125,000, total debt service is…

A: The Equity after tax cash flow of the investor is that income after deducting all expenses and tax.

Q: The market value(P) of a property is $833,333.33 in a jurisdiction in which the assessment ratio is…

A: Market Value of Property= $ 833,333.33 Homestead Exemption = $50000 Current Budget= $ 9 Billion…

Q: Assuming the following facts, calculate the total tax provision   Sales…

A: Given that : Pre-tax book net income         75,000 Tax rate…

Q: A property is assessed at $135, 000. There is an equalization rate of 125%. The annual property tax…

A: The property tax is computed by the following formula Property tax= Assessed vale x Equalization…

Q: The tax on $2,600 of profit on a capital asset is deferred. A person in a 40 percent tax bracket…

A: Assets: Property or things owned by business called Assets.

Q: A property is assessed at $135, 000.  There is an equalization rate of 125%. The annual property tax…

A: Equalization rate is that the outcome of equalization method that sets the land tax base for the…

Q: Find the property tax on a vacant lot with an assessed value of $32,900 and a tax rate of $4.52 per…

A: For calculating property tax value, we need to use below formula. Property tax = Assessed value *…

Q: You received $5,000 in interest revenue during the year. Your federal marginal tax rate was 26% and…

A: Formula: Federal income tax amount = Interest revenue x federal marginal tax rate

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.