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A company had a before tax profit if 2000000- what was their tax liability?
To calculate the tax liability, we need to know the applicable tax rate. Assuming a hypothetical tax rate of 30%, the tax liability would be 30% of the before-tax profit of $2,000,000, which amounts to $600,000. If a different tax rate applies, the tax liability would need to be recalculated accordingly.
What is the income tax rate for Australian companies?
30% of net profit.
Tax that you pay when making a profit from selling a house is an example of?
The tax paid on profit from selling a house is an example of capital gains tax. This tax is levied on the profit realized from the sale of an asset, such as real estate, when it is sold for more than its purchase price. Depending on the holding period and local tax laws, the rate of capital gains tax may vary.
What is post tax profit?
profit after tax
How much is tax for 19 dollars?
The tax on a $19 purchase depends on the sales tax rate in your area. For example, if the sales tax rate is 5%, the tax would be $0.95, making the total $19.95. If the rate is different, simply multiply $19 by the tax rate to find the tax amount.
Tax rate equals 30 percent and profit is 4000000 after tax what is the profit before tax?
The pre tax amount was 5,714,285.71. If the tax leaves 70%, that equals exactly 4 million.
A company had a before tax profit if 2000000- what was their tax liability?
To calculate the tax liability, we need to know the applicable tax rate. Assuming a hypothetical tax rate of 30%, the tax liability would be 30% of the before-tax profit of $2,000,000, which amounts to $600,000. If a different tax rate applies, the tax liability would need to be recalculated accordingly.
What is the income tax rate for Australian companies?
30% of net profit.
John wanted to buy a bicycle that cost 89.95 and had a tax of 5.5 percent He had 100.00 Did he have enough money?
He had enough money to purchase the bicycle. To find the total cost, multiply the pre-tax cost by the decimal interest rate (.055 instead of 5.5%). Then add the tax to the pre-tax cost. This will give you the total cost of the bicycle after tax.
What is the sales tax if the price was 101.40 and the tax rate is 6.5?
The pre-tax price was 101.40/1.065 = 95.21 (approx) Tax was 141.40 - 95.21 = 6.19
Tax that you pay when making a profit from selling a house is an example of?
The tax paid on profit from selling a house is an example of capital gains tax. This tax is levied on the profit realized from the sale of an asset, such as real estate, when it is sold for more than its purchase price. Depending on the holding period and local tax laws, the rate of capital gains tax may vary.
What is post tax profit?
profit after tax
How do you find the tax rate of something?
You multiply the tax with the price then divide
How much is tax for 19 dollars?
The tax on a $19 purchase depends on the sales tax rate in your area. For example, if the sales tax rate is 5%, the tax would be $0.95, making the total $19.95. If the rate is different, simply multiply $19 by the tax rate to find the tax amount.
What is the tax amount of 16900.00?
To determine the tax amount on $16,900.00, you need to know the applicable tax rate. For example, if the tax rate is 10%, the tax amount would be $1,690.00 (calculated as $16,900.00 × 0.10). If the tax rate differs, simply multiply $16,900.00 by that rate to find the tax amount.
Is tax is added in accounting profit or not?
1. Tax is a deductable item from accounting profit as tax is calculated on profit before tax amount to reach at profit after tax account which is also the net profit available for distribution to share holders of company.
Calculation of Profit After Tax Margin?
Gross Profit or Earning Before Interest and Tax (EBIT) Less : Interest Earning Before Tax (EBT) Less : Tax Net Profit or Profit After Tax (PAT)
