Calculate the FBT payable in the current year

Assignment Help Accounting Basics
Reference no: EM133123466

Question - Calculate the FBT payable in the current year where an employer pays for an employee's access to a car park. The total car parking fees for the year ending 2018 are $2,200 including GST. Explain each part of your calculations.

Reference no: EM133123466

Questions Cloud

What is the percentage of profit on cost : Sales - P800,000; Expenses - P200,000. What is the percentage of profit on cost that the Home office uses to bill the branch
What is the bond coupon interest rate : Their yield to maturity is 10%, they pay interest semiannually, and they sell at a price of $621.41. What is the bond's coupon interest rate
What will be XYZ E-P after distribution : XYZ corporation has current E&P of $125,000. It distributes building with a fair market value $200,000. What will be XYZ E-P after distribution
What is the company WACC : The market risk premium is 6%, and Helms' beta is equal to 1.5. If the company's tax rate is 35%, what is the company's WACC
Calculate the FBT payable in the current year : Calculate the FBT payable in the current year where an employer pays for an employee's access to a car park
How much should Kamal receive : The business has just ceased to trade, having a total realizable value of P24,000. How much should Kamal receive
Compute the price-earnings ratio : Common Stock outstanding January 1, 2022, was 29,400 shares, and 36,500 shares were outstanding on December 31, 2022. Compute the Price-earnings ratio
Determine the total shareholders equity at December : Determine the total shareholders' equity at December 31, 2016, assuming that profit for the year was P280,000 and cash dividends declared were P200000
What is the contribution margin for one custom skin : Variable costs are 6.00 per custom skin, the price is 10, and fixed costs are 65,600. What is the contribution margin for one custom skin

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd