Please answer all questions below. Take your time
Required Informetion (The following information applies to the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year Calculate the after-tax cost of each payment assuming Haru has a 37 percent marginal tax rate. Note: Do not round Intermediate calculations and round your final answer to the nearest whole dollar amount. c. $1,600 for office supplies in May of this year Haru used half of the supplies this year, and he will use the remaining haif by February of next year. Required information [The following information applies to the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments telated to his business this year: Calculate the ofter-tax cost of each payment assuming Haru has a 37 percent marginal tax rate Note: Do not round intermediate calculations and round your final answer to the nearest whole doliar amount. d. $1,450 for several pairs of work boots. Haru expects to use the boots about 70 percent of the time in his business and the remainder of the time for hiking. Consider the boots to be a form of clothing Required Information [The following information applies fo the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Haru has a 37 percent marginal tax rate. Note: Do not round intermedlate calculations and round your flnal answer to the nearest whole dollar amount. 0. $2,500 fine for speeding while traveling to a client meeting. Required Informetion [The following information applies to the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Haru has a 37 percent marginal tax rate. Note: Do not round intermedlate calculations and round your final answer to the nearest whole dollar amount. b. $2,800 of interest on a short-term loan incurred in September and repald in November. Haif of the loan proceeds was used immediately to pay salarles and the other half was invested in municipal bonds until November. Required Informetion (The following information applies to the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year Calculate the after-tax cost of each payment assuming Haru has a 37 percent marginal tax rate. Note: Do not round Intermediate calculations and round your final answer to the nearest whole dollar amount. c. $1,600 for office supplies in May of this year Haru used half of the supplies this year, and he will use the remaining haif by February of next year. Required information [The following information applies to the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments telated to his business this year: Calculate the ofter-tax cost of each payment assuming Haru has a 37 percent marginal tax rate Note: Do not round intermediate calculations and round your final answer to the nearest whole doliar amount. d. $1,450 for several pairs of work boots. Haru expects to use the boots about 70 percent of the time in his business and the remainder of the time for hiking. Consider the boots to be a form of clothing Required Information [The following information applies fo the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Haru has a 37 percent marginal tax rate. Note: Do not round intermedlate calculations and round your flnal answer to the nearest whole dollar amount. 0. $2,500 fine for speeding while traveling to a client meeting. Required Informetion [The following information applies to the questions displayed below] Haru is a self-employed cash-method, calendar-year taxpayer who made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Haru has a 37 percent marginal tax rate. Note: Do not round intermedlate calculations and round your final answer to the nearest whole dollar amount. b. $2,800 of interest on a short-term loan incurred in September and repald in November. Haif of the loan proceeds was used immediately to pay salarles and the other half was invested in municipal bonds until November
