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Someone help me, how do you get the federal tax? a. A piece of equipment for experimentation and investigation is purchased for $100,000. Equipment will
Someone help me, how do you get the federal tax? a. A piece of equipment for experimentation and investigation is purchased for $100,000. Equipment will be depreciated using MACRS. In which category of the MACRS GDS property class is this asset classified? b. How much is the first year depreciation deduction? c. CALCULATE the taxable income for the first year, if the company generated $400,000 in income from the equipment. The company has ongoing expenses of $10,000 and depreciation expenses as calculated in part b. d. how much is the federal and state tax combined for a state where the state tax is 8%. and. CALCULATE how much the company has to pay in combined federal and state taxes at the end of the first year. The state incremental tax is 8%. f.CALCULATE how much is the surplus income of the first year, after paying taxes (after tax income). Fill in the blanks: a.Property class: Response 5 years . b. The deduction for depreciation is: $Answer 80000 . c. Taxable Income = $ Answer 310000 . d. Combined Federal and State Tax Answer 29 % (to two decimal places). and. Taxes to pay = $Response 89900 . F. Income after taxes = $Answer 301000 .a.Se compra un equipo para experimentacion e investigacion por $100,000. El equipo se depreciara usando MACRS. ?En que categoria del "MACRS GDS property class" se clasifica este activo? b. ?Cuanto es la deduccion por depreciacion del primer ano? c. CALCULA el ingreso tributable para el primer ano, si la compaa genero en ingresos $400,000 por concepto del equipo. La compaa tiene gastos ordinarios de $10, 000 y gastos de depreciacin segn calculado en la parte b. d. cuanto es el impuesto federal y estatal combinados para un estado en donde el impuesto estatal es 8%. e. CALCULA cuanto tiene que pagar la compaa en impuestos federales y estatales combinados a final del primer ano. El impuesto incremental estatal es 8%. f.CALCULA cuanto es el ingreso sobrante del primer ano, despus de pagar los impuestos (after tax income) . Llene los blancos: a.Property class: b. La deduccion por depreciacion es: 9 c. Ingreso Tributable =$ d. Impuesto federal y estatal combinados (a dos lugares decimales). e. Impuestos a pagar =$ f. Ingreso despus de impuestos =$ g. ENVIE los procedimientos a travs del icono de la hoja de clculos para crdito parcial
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