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You own a construction company with a revenue of $ 3 9 5 , 0 0 0 . The direct costs of construction are $
You own a construction company with a revenue of $ The direct costs of construction are $ Your annual general overhead is $ which includes $ in meals and entertainment; $ in office utilities; $ for office laptop; $ for office desks and chairs; $ for office supplies; and miscellaneous. The allowed depreciation for office utilities is $; for office laptop is $; and for office desks and chairs is $; and for office supplies is $ In addition, the past allowed depreciation amounted to $ During the year you also earned $ in dividends and $ in interest. Determine your net taxable income from construction business and marginal net taxable income. The income tax rate for the company is Calculate the net profit of the company.
You own a construction company with a revenue of $ The direct costs of construction are $ Your annual general overhead is $ which includes $ in meals and entertainment; $ in office utilities; $ for office laptop; $ for office desks and chairs; $ for office supplies; and miscellaneous. The allowed depreciation for office utilities is $; for office laptop is $; and for office desks and chairs is $; and for office supplies is $
In addition, the past allowed depreciation amounted to $
During the year you also earned $ in dividends and $ in interest. Determine your net taxable income from construction business and marginal net taxable income. The income tax rate for the company is Calculate the net profit of the company.
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