Compare the benefi ts (as described in table 11.4) being received by a representative hospital in the
Question:
Compare the benefi ts (as described in table 11.4) being received by a representative hospital in the community with the real amounts of the cost of uncompensated care being given by the organization.
Transcribed Image Text:
Table 11.4. Tax Benefits Accruing to Ridgeland Heights Medical Center Owing to Its Status as a Not-for-Profit Health Care Organization Total Potential Tax Liability Savings 2013 Projected net income $3,920,000 Federal corporate tax rate 34.00% Potential federal income taxes $1,332,800 $1,332,800 State corporate tax rate 10.00% Potential state income taxes $392,000 392,000 Potentially taxable property @Estimated appraised value $200,000,000 Approximate property tax rate Potential property taxes 2.50% $500,0000 5,000,000
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Related Book For
Fundamentals Of Health Care Financial Management
ISBN: 9781118801680
4th Edition
Authors: Steven Berger
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