Step 4 – Calculate the Total Taxable Income and Total Tax Expense Use the SUM function in the bottom-right cell to sum cells above it. Step 5 – Calculate Federal Tax Rate We will compute the Effective Tax Rate by applying the following formula: Effective Federal Tax Rate = Total Tax Exp...
One beer brewery sells 5000 ton beer for the month with price per ton 2800 yuan (excl uding VAT). The applicable Consumption Tax amount per unit is 220 yuan per ton. Th en the tax payable by the factory shall be computed as follows: Tax payable = 5000 tons × 220 yuan / ton = 110...
Example 1: The turnover of a hotel in the month is 3 million yuan,and the applicable Business T ax rate is 5%. The Business Tax payable for the month is computed as: Amount of tax payable = 3 million yuan × 5% =150000yuan Example 2: A dancing hall has a turnover of 200000 yua...
Laws regarding employee reimbursement obligations differ across states. Be sure to get the correct interpretation of the law in your state to stay within the guidelines. Once you compute reimbursement totals, the next step is toreimburse employeesfor vehicle expenses. ...
How to compute MRDAsk Question Asked 8 years, 1 month ago Modified 8 years, 1 month ago Viewed 117 times 4 I, and my wife, have multiple IRA, ROTH IRA, Sep IRA, Rollover IRA and 401K accounts. I am 64, my wife is 58. I am planning to retire between 70 and 72. I was wonderi...
You compute the value of the penalty by multiplying the replacement cost ($500,000) with the multiplier, 0.25 (1 – 0.75). So by violating the coinsurance clause, you are not only unable to receive the full replacement cost, but you also have to pay a hefty penalty. ...
My savings rate is approximately 26%. But that includes paying $2000 on student loans per month on an after tax salary of $4880 per month. I estimate to be done paying my loans in 6 months and at that point my savings rate will be 74%. I am a SINK with no mortgage, rent or car...
You would not want the system to compute taxes on a check date in the past since then you would likely already be delinquent on paying taxes on that old check date. So the "tax accruals" are being created in the correct month based on when check was dated in system....
Household expenses represent a per-person breakdown of general living expenses. They include the cost of housing, food, healthcare, transportation, and entertainment. These are all costs that should be included in a household's budget to ensure that all members' needs are met each month. Sponsor...
When computing your capital gains, the short-term gains and losses are first netted, and then long-term gains and losses are netted. You can then net the two results together to compute your overall result. Be careful to avoid the wash-sale rule, which could disallow a loss if you bought...