Calculate the value of net indirect tax GNP at MP = $7000 Domestic income = $6200 Depreciation = $600 Net factor income from abroad = -400 All values are in million
Q: What is the depreciation rate dt each year t for an asset that has a 5-year recovery period and is…
A: The depreciation rate can be calculated by using the formula given below:
Q: Calculate depreciation if Gross domestic capital formation is $400 and net domestic capital…
A: According to the above mentioned question, the values are:- Gross domestic capital formation = $400…
Q: Compute the depreciation of the machine. A television company purchased machinery for BD 10,000 in…
A: Given: A television company purchased machinery of = BD 10,000 The scrap value of = BD 4,000 The…
Q: Aquatech Microsystems reported a TI of $80,000 last year. If the state income tax rate is 6%,…
A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first three…
Q: although land is considered as real property , it is not a depreciable. true false
A: When talking about fixed assets, they are generally lose their value due to the wear and tear effect…
Q: Determine the single-value effective tax rate for a corporation that has a federal tax rate of 35%…
A: Given, Federal tax rate = 35% State tax rate = 7%
Q: GNP minus depreciation is NNP. national income. O retained earnings. GDP.
A: Gross National Product:- The worth of all commodities generated by a nation's population and…
Q: Personal income tax rates in South Africa, 2015/16 Taxable income Tax Payable Rand 0-181 900 18% of…
A: Income tax is the tax that the government imposed on the public as a direct tax. Income does not…
Q: “Land” is not considered as a depreciable property. WHY?
A: In economics and business terms, depreciation refers to the decrease in the market value of any…
Q: Compensation of employees (household) 230 Depreciation 27 Rents 14 Interest 13 Indirect Business…
A: As per given information, If we calculate national income (NNPFC ) by Income Method then green…
Q: Calculate NNP at MP if depreciation is $2100 and the GNP at MP is $5000
A: The data presented in the question above is:- GNP at MP = $5000 Depreciation = $2100 Net national…
Q: If the GNP is $600 billion and the NNP is $475 billion what would be the depreciation?
A: According to the given question GNP stands for gross national product which is an actual estimate of…
Q: In an economy the NDPFC is given to be as $3350, depreciation is $500 , NFIA is $300 and NIT is $400…
A: The information being given is:- NDPFC = $3350 Depreciation = $500 NFIA = $300 NIT = $400 We have to…
Q: During the month of August, a mining company has a gross income of P3,200,000 from the production of…
A: Given that, A mining company has a gross income = P3,200,000 from the production of Nickel. All…
Q: What would be the value of depreciation if Gross domestic capital formation is $33000 and net…
A: According to the above mentioned question, we have Gross domestic capital formation = $33,000 Net…
Q: The management believes that every 6% increase in the selling price of one of the company’s products…
A: Price elasticity of demand measures the responsiveness of change in quantity demand to change in…
Q: Find the NDP when the GDP value is given as $20 and the depreciation is $10
A: Basically in the question, We have to find NDP = ? GDP value is = $20 Depreciation = $10
Q: Which of the following is (are) required to calculate MACRSGDS depreciation deductions? I. Property…
A: Under MACRS, a Taxpayers must register deducted tax for devaluation of unmistakable property…
Q: Taxable Income Tax Liability Average Tax Rate €10,000 €1,200 €20,000 €2,400 €30,000 €3,600 Using the…
A: The tax is a compulsory payment which would be paid to the government without expecting anything in…
Q: what will be the value of the net domestic product at the factor cost if the gross domestic product…
A: Generally in the given question Value of the gross domestic product at the factor cost is = $7766…
Q: Which is deductible against gross income? * Imputed interest expense Advances to the profit sharing…
A: When talking about deductibles, it is the amount of money that can be kept aside before taxation.
Q: Calculate gross domestic capital formation if net domestic capital formation is $4400 and the…
A: The data presented In the question above is:- Net domestic capital formation = $4400 Depreciation =…
Q: Individual Income Tax- Sales Tax- Property Tax- Corporate Income Tax-
A: Taxes are described as a government-imposed tax on individuals in the economy in exchange for no…
Q: ociated NNP is equal to– (A) GNP- depreciationqon (B) GNP + depreciation qong (C) GNP– net export on…
A: According to the given question NNP stands for net national product is the actual amount of the…
Q: Mrs. B is engaged in both sales of goods and sales of services. She incurred a total of P9,000…
A: Calculation of EAR is given below
Q: Find the net value added at factor cost When the net indirect taxes are $60 and the net value added…
A: Basically in the question, Net value added at the factor cost = ? Net indirect taxes = $60 Net value…
Q: Refer to the table below: 2020 Tax Data Tax Bracket Marginal Tax Rate $0-9,875 10% $9,876-40,125 12%…
A: Tax amount…
Q: If the corporation is a domestic corporation and it opts to claim the tax paid abroad as deductions…
A: Income tax payable is :- Amount Gross income $4,000,000 Less:- Deductions -$2,500,000…
Q: A graduated income tax system means: (a) Only taxable incomes above a certain level pay any taxes…
A: A graduated tax system is also called a Progressive income tax system.
Q: Find the gross domestic product when the depreciation is $336 and the net domestic product is $300
A: As per the question, Depreciation = $336 Net domestic product = $300 Gross domestic product = ?
Q: Determine the taxable income for a company that had gross income of $36.7 million, earnings before…
A: The gross income of the company is given to be $36.7 million. The gross income is the total income…
Q: Find the value of net indirect taxes if :- GNP at MP = 7000 Domestic income = 6200 Depreciation =…
A: The information being given is as follows:- GNP at MP = 7000 Domestic income = 6200 Depreciation =…
Q: Calculate the value of NDPFC if GNPMP is $2000 , depreciation is $500 , NFIA is $600 and NIT is $300
A: The information being given is as follows:- GNPMP = $2000 Depreciation = $500 NFIA = $600 NIT = $300…
Q: Compensation of employees (household) Depreciation 223 27 Rents 14 Interest 13 Indirect Business…
A: Gross Domestic Product refers to the market value of the goods and services within a country during…
Q: If the following information is given: National Income = 5000, GNP = 5700, Indirect taxes = 500 then…
A: National Income = NNP - Indirect Taxes NNP = GNP - Provision for Depriciation Thus, we can say…
Q: Calculate GNPFC if the value of depreciation is $300 million and the value of NNPFC is $650 million
A: According to the above-mentioned question, we are given that:- Depreciation = $300 million NNPFC =…
Q: the profit after selling each kg and before taxes is 0.04$. Calculate a- the break-even point as a…
A:
Q: ANSWER:_
A: The method of measure the percentage depletion is PD=percentage depletion rate ×Gross income from…
Q: mpany is going to buy a new machine for manufacturing its products. Three machines are available.…
A: Given Information MARR before taxes = 17% We use the after-tax MARR, i.e 17% x (1 -t) to calculating…
Q: Calculate depreciation with given information GNP at MP = $100,000 NNP at MP = $77,000
A: The data presented in the question above is:- GNP at MP = $100,000 NNP at MP = $77,000…
Q: Find the NNP when GNP is $1400 billion and depreciation is $390 billion?
A:
Q: What will be the depreciation rate if GNP at MP is $12,000 and the NNP at MP is $6700
A: The data presented in the question above is:- Gross national product at Market price = $12000 Net…
Q: In tax year 1, an electronics-packaging firm hada gross income of $35,000,000, $6,000,000 in…
A: Gross income is the income earned by a business enterprise after deducting all direct expenses such…
Calculate the value of net indirect tax
GNP at MP = $7000
Domestic income = $6200
Net factor income from abroad = -400
All values are in million
Step by step
Solved in 2 steps
- In the year 2021, a corporation made $18.2 Million in revenue, $2.4 Million of operating expenses, and depreciation expenses of $6.2 Million. The state income tax rate is 9% and the federal income tax rate is 21%. How much (a) state income tax, and (b) federal income tax will this corporation pay in this tax year? Assume that the state income tax is a tax-deductable expence when filing federal income tax. The approximate state income tax is $ Million (Round to three decimal places.) The approximate federal tax is $ Million. (Round to three decimal places.) The combined effective income tax rate is enter your response here %. (Round to the nearest decimal.) The ATCF for the year 2021 is $ Million . (Round to three decimal places.)PI= NI-retained corporate profits + net transfer payments - indirect tax National income: 19,786Less:Corporate profits with inventory valuation and capital consumptionadjustments -2,771Taxes on production and imports less subsidies -1,182Contributions for government social insurance, domestic -1,541Net interest and miscellaneous payments on assets -644Plus: Personal income receipts on assets 3,202Plus: Personal current transfer receipts 4,617 Personal income equals : ?Kelly’s taxable income is $110,000. Approximately what percent of her taxable income is her tax? Maureen’s taxable income, t, is between $182,400 and $357,700. Write an algebraic expression that represents her tax.
- Calculate NDP at FC if GNP at MP is $20,000 depreciation is $5000, net factor income from abroad is $4000 , indirect tax is $3000 and the subsides is $2000A retailer buys a bicycle from the wholesaler at $140 and the wholesaler charges a sales tax at the prescribed rate of 9%. The retailer fixes the price at $12 and charges sales tax at the same rate. Apply value added tax system of sales tax calculation to answer the following questions. (i) What is the price that a consumer has to pay to buy the bicycle? (ii) Find the input tax and output tax for the retailer. (iii) How much VAT does the retailer pay to the government?Please no written by hand Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. 1st attempt See Hint If you have a taxable income of $323,420.00, what is yourtop marginal tax rate? % total tax bill? $ average tax rate? %
- Given the market value of indirect taxes are 630 and subsidies are 34 what will be the value of net indirect taxes?When we add depreciation to net investment, we arrive at...............WACC=(VE×Re)+(V/D×Rd×(1−Tc))where:E=Market value of the firm’s equityD=Market value of the firm’s debtV=E+DRe=Cost of equityRd=Cost of debtTc=Corporate tax rate WHY IS THE RD MISSING? THE Answer should be 10%?WACC = 1/3*16% + (2/3 * 10% * 0.7) = 10%?
- Question 4Select the information you need from the following figures and calculate the nationalincome for the year shown:Government Spending R18 000Depreciation R6 000Investment spending R35 000Net foreign spending R12 000Indirect taxes R14 500Net factor payments (R4 000)Consumer spending R30 000Subsidies R4 000Assume that Turkey has s a tax rate of 15% on the first 15,000 TRY of taxable income, then 25% on the next 20,000 TRY, then 35% on the next 30,000 TRY, and a tax rate of 40% for all taxable income above 65,000 TRY. Suppose that Turkey provides a 4,000 TRY exemption per child.Hasan has 2 children, and he earns 82,000 TRY in a year.a) Calculate total tax payments of Hasan.b) Calculate average tax rate for Hasan.Which tax is paid on individual income from sales of assets? a-sales tax b-excise tax c-estate tax d-capital gains tax
