1 calculate the corporate tax on earnings before tax ebt of, Ask an Expert

Finance

1. Calculate the corporate tax on earnings before tax (EBT) of the following amounts:

a. $37,000

b. $57,000

c. $88,500

d. $110,000

e. $5,375,000

f. $14,000,000

g. $17,350,000

h. $23,500,000

2. Microchip Inc. had the following profits and losses in the years indicated.

2004	$5,000,000
2005	350,000
2006	(3,450,000)

How much federal tax will it eventually pay for 2004? The corporate tax schedule on page 48 is the same for all three years.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91723226

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Two payments of 9000 and 2600 are due in 1 year and 2 years

Two payments of $9,000 and $2,600 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 5 years if money is worth 10.00% compounded quart ...

Tapley dental supply company has the following datanet

Tapley Dental Supply Company has the following data: Net Income = $240 Sales = $10,000 Total assets = $6,000 Debt ratio = 75% TIE ratio = 2.0 Current ratio = 1.2 BEP ratio = 13.33% If Tapley could streamline operations, ...

Suppose that a mutual fund that tracks the sampp has mean

Suppose that a mutual fund that tracks the S&P has mean E(Rm) = 16% and standard deviation σm = 10%, and suppose that the T-bill rate Rf = 8%. Answer the following questions: (a) What is the expected return and standard ...

Question - since the tracker portfolio is a passive

Question - Since the tracker portfolio is a passive strategy, your boss moves you on to other projects. However, 10 months have now passed and your boss asks you to look into the performance of the tracker portfolio. The ...

Suppose a firm pays total dividends of 1100000 out of net

Suppose a firm pays total dividends of $1,100,000 out of net income of $5.5 million. What would the firm's payout ratio be? (Round your answer to 2 decimal places.)

Jose purchased 635 shares of common stock in tworoger

Jose purchased 635 shares of common stock in Tworoger Technologies, Inc. six years ago for$23.40 per share, or $14,859. His financial advisor thinks the stock has peaked and has advised him to sell his shares. The curren ...

You have just purchased an apartment to finance the

You have just purchased an apartment. to finance the purchase, you have arranged for a 25-year mortgage loan for 50 percent of the 1,650,000 purchase price. The monthly payment on this loan will be 4,500. What is the eff ...

Explain how the company newmans own brand fulfills the

Explain how the company Newman's Own brand fulfills the definition of a business for profit and a non-profit business at the same time. Consider in the response the functions of business, entrepreneurship and production ...

Assume that the current yield on a one-year security is 60

Assume that the current yield on a one-year security is 6.0 percent and that the yield on a two-year security is 7.2 percent. For this question, assume that there is a liquidity premium on a two-year security of 0.4 perc ...

Felcor stock is currently selling for 4000 a share but is

Felcor stock is currently selling for $40.00 a share but is expected to either decrease to $36 or increase to $44 a share over the next year. The risk-free rate is 4 percent. What is the current value of a 1-year call op ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert