Question
Part 6 Section 3 Using the Score Financial Projections Template (See Below) analyze the pictures in their entirety for any aspects that may not be
Part 6 Section 3 Using the Score Financial Projections Template (See Below) analyze the pictures in their entirety for any aspects that may not be obvious to the common financial statement user. Explain each of these areas of possible confusion. Please label each section of confusion by the highlighted label on each excel sheet. The spreadsheet did not show up on word like I wanted it to. If the person looking at this would like a copy of the excel spreadsheet I would be happy to send it to them.
Net Income Before Income Tax | $ 227,296 | $ 180,481 | $ 187,917 | $ 195,286 | $ 186,568 | $ 186,151 | $ 199,804 | $ 188,093 | $ 190,232 | $ 196,158 | $ 236,545 | $ 238,176 | $ 2,412,707 |
Income Tax | $ 14,287 | $ 11,361 | $ 11,826 | $ 12,286 | $ 11,742 | $ 11,715 | $ 12,569 | $ 11,837 | $ 11,971 | $ 12,341 | $ 14,865 | $ 14,967 | $ 151,767 |
Net Profit/Loss | $ 213,009 | $ 169,120 | $ 176,091 | $ 183,000 | $ 174,827 | $ 174,435 | $ 187,235 | $ 176,256 | $ 178,262 | $ 183,817 | $ 221,679 | $ 223,209 | $ 2,260,940 |
Income Tax Calculations | |||||||||||||
Monthly Taxable Income | $ 228,593 | $ 181,778 | $ 189,214 | $ 196,583 | $ 187,865 | $ 187,448 | $ 201,101 | $ 189,390 | $ 191,529 | $ 197,455 | $ 237,842 | $ 239,473 | |
Cumulative Taxable Income | $ 228,593 | $ 410,371 | $ 599,585 | $ 796,168 | $ 984,033 | $ 1,171,481 | $ 1,372,582 | $ 1,561,972 | $ 1,753,502 | $ 1,950,957 | $ 2,188,798 | $ 2,428,271 |
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