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Category > Computer Science Posted 19 Oct 2017 My Price 7.00

An organization needs to set up operations in a nation

An organization needs to set up operations in a nation with the accompanying corporate assessment rate structure: 

 

Assessable Income 

 

Assessment Rate 

 

<$50,000 

 

15% 

 

$50,000 - $75,000 

 

25% 

 

$75,000 - $100,000 

 

34% 

 

>$100,000 

 

39% 

 

In this way, an assessable salary of $60,000 would bring about duties due of 

 

$50,000*0.15 + ($60,000-$50,000)*0.25 = $50,000*0.15 + $10,000*0.25 

 

= $10,000 

 

In the event that the compay anticipates 

 

net incomes of $900,000, 

 

$300,000 in absolute expenses, 

 

$70,000 in admissible expense conclusions and 

 

$2,000 in a one-time business start-up credit, 

 

what amount should the organization hope to pay in charges? 

 

Reply 

 

$530,000 

 

$233,911

Answers

SophiaPretty
(5)
Status NEW Posted 19 Oct 2017 10:10 AM My Price 7.00

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