a.Tax payable = Sales value of taxable consumer goods×Applicable tax rate b.Tax payable = Sales volume of taxable consumer goods×Applicable tax amount per u nit For compound tax rate (like tobacco and alcohol),it is all right simply by combini ng the two formulas above. The formula for...
Q: How to compute the Business Tax payable? A:For taxpayers providing taxable services,transferring intangible assets or sellin g immovable properties,the Business Tax payable shall be computed on the basis of th e turnover and the applicable tax rate. The formula for computing the tax payable ...
How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
Furthermore, after you’ve computed it for one person, simply drag down the following cells for ‘Employee Name’ to receive values for all employees. 6. Determine Income Tax To compute income tax with payroll management, determine what proportion of the employee’s gross compensation is taxed...
of handwoven silk fabric valued at US$1000 from Thailand to the US, and you've spent US$200 on insurance and US$300 on freight charges, the declared value would be US$1500. This is the total CIF value. It is this amount that customs will use to compute the payable...
However, a company’s real earning capability cannot be assessed by the EPS figure for one accounting period. Investors should compute the company’s EPS for several years and compare them with the EPS figures of other similar companies to select the most appropriate investment option. ...
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BizFilings: How to Compute Business Income IRS: Accounting Periods and Methods IRS: Deducting Business Expenses IRS: Instructions for Schedule C Advertisement Article continues below this ad Tips Be prepared to provide your pay stubs to the lender so he can verify your calculations. ...
Knowing your break-even point helps you make a profit in the long-term & decide if you need to cut expenses or increase your prices.
Apply the required tax rate on the taxable income to determine the payable income tax. For example, at an average tax rate of 30 percent, the income tax payable on the tax returns bearing a deferred tax liability would be 30/100 x $8,350 = $2,505, while the one for the returns bea...