Where AP are between the two limits, then the main rate is applied to the TTP and then marginal relief is deducted. The marginal relief formula is always given in the tax tables. Candidates should note that you never use the marginal relief deduction whe...
Income tax expense 1,291 1,193 Net income $ 2,681 $ 2,424 Net income available to common shareholders $ 2,680 $ 2,423 Per common share information Earnings $ 1.86 $ 1.62 Diluted earnings $ 1.83 $ 1.59 Dividends paid $ 0.80 $ 0.64 Average common shares issued and outstanding...
First, defendant Loftsgaarden argues that, under the section 12(2) damage computation formula, tax benefits are a return of "consideration paid" and thus must be deducted from consideration paid before adding on interest. As the district court noted, this course would drastically reduce the ...