Name: Class 12. Mayte owns a site development bes c 15.000 Year and is expected to grow by S1S. echo y he exemptions and deductions are $23.00 6 years. Al t h Mayas Just purchased a 5-year class excavator for $120.000. The use the MARS depreciation tables attached Mayte's Year 1 Year 2 Year 3 Year 4 Years Your Income Deductions $215.000 230000 $9457800 0000 0 Depreciation Taxable Income Tax Paid 1. Calculate the Taxable income in Year 1 through 6, assuming the MACRS depreciation on the attached, and calculate her yearly taxes, assuming she is a single Taxpayer 2. Ir Mayte incorporates the business, and pays herself a salary of $115.000 16 years, what would be the total tax payments for the corporation and Mayte? Corporation Year 1 Year 2 Year 3 Year 4 Years Year 6 $215,000 $230,000 $245,000 $260,000 $275,000 $290,000 3115.000 1115.00ch 0.0011.319.com.co Income Salary Depreciation Taxable Income Tax Paid Mayte's Salary Year 5115,000 $115.000 S115,000 $115.000 115.000 Salary Deductions Taxa Tax Paid 10.2007 01203 0.1572 73. 00 76.9257 R0 6726 0.1460 10111 10.5 10.TAR 11.2578 11.926 76 0.010 0.0099 123766 12.49.41 126.042 139 392 1473000 1546197 239.0565 573.7702 1,253.2133 101 2571 2,199.7613 Table A-1 Year 3-, 5, 7, 10- 15-, and 20-Year Property Half-Year Convention Depreciation rate for recovery period 3-year 5-year 7-year 10-year 15-year 33.3396 20.00% 14.29% 10.00% 5.00% 44.45 18.00 9.50 14.81 19.20 17.49 14.40 B55 7.41 11.52 12.49 11.52 7.70 8.93 9.22 20-your WN - 32.00 24.49 3.750% 7219 6.677 5.177 5.713 11.52 6.93 5.78 8.92 8.93 4.46 6.23 5.90 7.37 6.55 6.55 6.56 6.55 5.90 5.285 4.888 4522 4.482 4.461 3.28 5.91 5.90 5.91 5.90 5.91 4.482 4.461 4.482 4.461 4.462 2.95 4.461 4.462 4.461 4.482 4A61 2.231 Class # & ID: TABLE 6.2 Thes From 9.226 37.451 90,751 189,301 411.501 413,201 Tax Table for Single Taxpayers, 2015 Taxable income of Single Taxpayers To 9.225 10% 37,450 5922.50 +15% of amount over $9.225 90.750 $5,156.25 +25% of amount over $37.450 189.300 $18,481.25 +28% of amount over $90,750 411,500 $46,075.25 +33% of amount over $189,300 413,200 $119,401.25 + 35% of amount over $411,500 Above $119.996.25 + 39.6% of amount over $413,200 TABLE 64 Corporate Income Brackets and Tax Rates, 2015 Taxable Income From To Under Tax 50,000 159 50,000 75.000 $7,500 + 25% of the amount over 50,000 75.000 100.000 $13,750 + 34% of the amount over 75,000 100.000 335.000 $22.250 +39% of the amount over 100.000 335.000 10,000,000 $113.900 + 34% of the amount over 335,000 10,000,000 15,000,000 $3,400,000 + 35% of the amount over 10,000,000 15,000,000 18,333,333 $5,150,000 + 38% of the amount over 15,000,000 18,333,333 Above 35% Agreement Between: Owner and Construction Manager Contract Type Construction Manager is Also the Constructor ARTICLE 3 OWNER'S RESPONSIBILITIES 3.14.2 Surveys describing physical characteristics, legal limitations and Project, and a written Ingold
