User Account

All Pages

What is the marginal tax rate for trask industries

Assignment Help Accounting Basics
Reference no: EM131962071

Probem

Trask Industries' EBT is $3200000. What is the marginal tax rate? What is the average tax rate?

Earnings Before Taxes               Tax Rate
0- 50,000                                   15%
$50001- $75000                         25%
$75001- $100000                       34%
$100001- $335000                     39%
$335001- $10000000                 34%
$10000001- $15000000             35%
$15000001- $18333333             38%
Over $18333333                        35%.

Reference no: EM131962071

Questions Cloud

What would be the implications on the audit : What would be the implications on the audit if an undisclosed related-party transaction was identified during the completion of audit testing?
Determine the amount receive by gentry as final distribution : Prior to liquidating their partnership. Determine the amount received by Gentry as a final distribution from liquidation of the partnership.
Challenges in cyber security for business : Challenges in Cyber Security for Business Select the potential business research topics and prepare research report
Identify a business in your local community : Identify a business in your local community. This can be your current place of employment or a business with which you are familiar.
What is the marginal tax rate for trask industries : Trask Industries' EBT is $3200000. What is the marginal tax rate? What is the average tax rate?
Why do some analysts disagree with practice : Is this reasoning appropriate? Why do some analysts disagree with this practice?
Describe the graphs and explain differences or similarities : Plot all three series on the same graph using the 2006- 2015 data. Describe the graphs and explain any differences or similarities.
What is the net present value of the hiking trail : What is the net present value of the hiking trail to the City of Waco if the discount rate is 5%? According to your analysis, should the project be undertaken?
What is the dolloar cost of the debt : What is the dolloar cost of this debt if the pound depreciates from $2.0260/Pound to $1.9460/Pound over the year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the break-even point

Rachel's Racquets produces racquetball racquets. Their racquetball racquets are sold at many local sporting goods stores. What is the break-even point

  What is the amount that the shareholder may deduct

What is the amount that the shareholder may deduct on his personal income tax return, assuming the at-risk and passive activity rules do not apply

   84000 in raw materials were requisitioned for used in

kirkaid company recorded the following transactions for the just completed montha. 84000 in raw materials were

  Analysis of simulation

Make a solution using strategic variables available to you to sustain the economic profits firm can earn. What are some of pricing strategies which you would recommend? What are some of the nonpricing strategies which you would recommend?

  Yellow dot inc sells a single product for 10 variable

yellow dot inc. sells a single product for 10. variable costs are 4 per unit and fixed costs total 120000 at a volume

  Evaluate the amount of goodwill

Evaluate the amount of goodwill or others intangible assets derived from the transaction and explain whether you support that this value was created as a result of the business combination.

  Determining four accounting regulatory bodies

Examine at least four accounting regulatory bodies. Discuss how an organization complies with the standards of the regulatory bodies you selected.

  Estimate the amount of merchandise inventory

Estimate the amount of merchandise inventory destoryed in the fire on March 15,20--, using the gross profit method

  What is the average waiting time

Diane, the tool crib attendant, works eight hours a day, five days a week. Each order is for one small tool and each small tool takes Diane 2 minutes to retrieve from the bins. What is the average waiting time, in minutes?

  Compute the total amount of each installment payment

On October 1, 2013, Gordon Enterprises borrows $ 150,000 cash from a bank by signing a three year installment note bearing 10% interest.

  Discuss some factors that health services managers

Discuss some factors that health services managers must consider when choosing between debt and equity financing. Consider both investor-owned and not-for-profit firms in your answer.

  Compute mason and ruth federal income tax payable

Mason Phillips, age 45, and his wife, Ruth, live at 230 Wood Lane, Salt Lake City, UT 84101. Compute Mason and Ruth's 2013 Federal income tax payable

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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