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I need Owner Salary, Profit, Total Taxable Income, Employment Taxes, Federal Taxes, and Federal Effective Tax Rate. Thank you! begin{tabular}{|c|c|c|c|c|c|c|c|} hline multicolumn{2}{|c|}{ Thrid Month/First Qtr
I need Owner Salary, Profit, Total Taxable Income, Employment Taxes, Federal Taxes, and Federal Effective Tax Rate. Thank you!
\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Thrid Month/First Qtr } & & & & \multirow[b]{2}{*}{ Cash Flow } & \multirow[b]{2}{*}{ Balance Sheet } & \multirow{2}{*}{\begin{tabular}{l} Cumulative \\ Income \\ Statement \end{tabular}} \\ \hline & & \multicolumn{3}{|c|}{ Income Statement } & & & \\ \hline \multirow{3}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Cash \\ Accounts Receivable \end{tabular}}} & & & 2400000 & & & \\ \hline & & Direct mate & $ & 80.000 .00 & $(80.000.00) & $24000000 & \\ \hline & & Direct Labo & $ & - & & & \\ \hline Total Assets & A & Machinery Lea & $ & 7,500.00 & $(7,500.00) & $369,500.00 & \\ \hline \multirow[t]{2}{*}{ Accounts Paya } & & Cost of Goods s & $ & 87,500.00 & & & $(257,500.00) \\ \hline & L & Salary & $ & 30,000.00 & $(30,000.00) & $87,500.00 & $(50,000.00) \\ \hline \multirow{2}{*}{\begin{tabular}{c} Owners' Equity \\ Owners \end{tabular}} & + & Advertising & $ & 3,000.00 & $(3,000.00) & & $(9,000.00) \\ \hline & & Office Rent & $ & 4,500.00 & $(4,500.00) & $75,000.00 & $(13,500.00) \\ \hline \multicolumn{2}{|c|}{ Retained Earnings } & Insurance & $ & 1,000.00 & $(1,000.00) & $114,000.00 & $(3,000.00) \\ \hline \multirow[t]{2}{*}{ Total Owners E } & OE & Operating expe & & 38,500.00 & & $189,000.00 & $(75,500.00) \\ \hline & & Net Pre-tax Pro & & 114,000.00 & $54,000.00 & $369,500.00 & $362,000.00 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{ Sixth Month/Second Qtr } & & & & \multirow[b]{2}{*}{ Cash Flow } & \multirow[b]{2}{*}{ Balance Sheet } & \multirow{2}{*}{\begin{tabular}{l} Cumulative \\ Income \\ Statement \end{tabular}} \\ \hline & & \multicolumn{3}{|c|}{ Income Statement } & & & \\ \hline \multirow{3}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Cash \\ Accounts Receivable \end{tabular}}} & Revenues & & 200,000.00 & $200,000.00 & $391,500.00 & \multirow[t]{4}{*}{$600,000.00} \\ \hline & & Direct mate & $ & 80,000.00 & $(80,000.00) & $200,000.00 & \\ \hline & & Direct Labo & $ & - & & & \\ \hline Total Assets & A & Machinery Lea & $ & 7,500.00 & $(7,500.00) & $591,500.00 & \\ \hline \multirow[t]{2}{*}{ Accounts Paya } & & Cost of Goods s & $ & 87,500.00 & & & $(262,500.00) \\ \hline & L & Salary & $ & 30,000.00 & $(30,000.00) & $87,500.00 & $(90,000.00) \\ \hline \multirow{3}{*}{\multicolumn{2}{|c|}{\begin{tabular}{c} Owners' Equity \\ Owners Capital \\ Retained Earnings \end{tabular}}} & Advertising & $ & 3,000.00 & $(3,000.00) & & $(9,000.00) \\ \hline & & Office Rent & $ & 4,500.00 & $(4,500.00) & $75,000.00 & $(13,500.00) \\ \hline & & Insurance & $ & 1,000.00 & $(1,000.00) & $74,000.00 & $(3,000.00) \\ \hline \multirow[t]{2}{*}{ Total Owners E } & OE & Operating expes & $ & 38,500.00 & & $149,000.00 & $(115,500.00) \\ \hline & & Net Pre-tax Pro & $ & 74,000.00 & $$4,000.00 & $591,500.00 & $222,000.00 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Ninth Month/Third Qtr }} & & & & \multirow[b]{2}{*}{ Cash Flow } & \multirow[b]{2}{*}{ Balance Shee } & \multirow{2}{*}{\begin{tabular}{l} Cumulative \\ Income \\ Statement \end{tabular}} \\ \hline & & \multicolumn{3}{|c|}{ Income Statement } & & & \\ \hline \multirow{3}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Cash \\ Accounts Receivable \end{tabular}}} & Revenues & & 200,000.00 & $200,000.00 & $613,500.00 & \multirow[t]{4}{*}{$600,000.00} \\ \hline & & Direct mate & $ & 80,000.00 & $(80,000.00) & $200,000.00 & \\ \hline & & Direct Labo & $ & - & & & \\ \hline Total Assets & A & Machinery Lea & $ & 7,500.00 & $(7,500.00) & $813,500.00 & \\ \hline \multirow[t]{2}{*}{AccountsPaya} & & Cost of Goods s & $ & 87,500.00 & & & $(262,500.00) \\ \hline & L & Salary & $ & 30,000.00 & $(30,000.00) & $87,500.00 & $(90,000.00) \\ \hline \multirow{3}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Owners' Equity \\ Owners Capital \\ Retained Earnings \end{tabular}}} & Advertising & $ & 3,000.00 & $(3,000.00) & & $(9,000.00) \\ \hline & & Office Rent & $ & 4,500.00 & $(4,500.00) & $75,000.00 & $(13,500.00) \\ \hline & & Insurance & $ & 1,000.00 & $(1,000.00) & $74,000.00 & $(3,000.00) \\ \hline \multirow[t]{2}{*}{ Total Owners E } & OE & Operating expe & $ & 38,500.00 & & $149,000.00 & $(115,500.00) \\ \hline & & Net Pre-tax Pro & $ & 74,000.00 & $74,000.00 & $813,500.00 & \begin{tabular}{|ll|} $ & 222,000.00 \\ \end{tabular} \\ \hline \end{tabular} Owner Salary Profit Total Taxable Income Employment Taxes (employer portion) Federal Taxes Federal Effective Tax Rate TAX TABLEStep by Step Solution
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