Question
1.,Dr. Jonas had a taxable income of $165,000 in 2022. Below is the tax table for single filers for 2022: Tax rate Bracket 10% $0
1.,Dr. Jonas had a taxable income of $165,000 in 2022. Below is the tax table for single filers for 2022:
Tax rate Bracket 10% $0 $10,275 12% $10,275 $41,775 22% $41,775 $89,075 24% $89,075 $170,050 32% $170,050 $215,950 35% $215,950 $539,900 37% $539,900 and over
How much will Dr. Jonas pay in taxes?
2. Below is a (partial) copy of Fast Packages most recent income statement and balance sheet (all numbers in millions):
Income Statement Sales 2014 COGS 1003 SG&A 286 Depreciation 433 Interest Expense 191 Tax Rate 29%
Balance Sheet Current Year Prior Year Assets Cash 736 547 A/R 1212 1136 Inventory 929 859 Net PP&E 1072 815 Liabilities A/P 628 615 Bonds Payable 1209 1054
What was Fast Packages free cash flows (in millions)?
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