0
How do you find the tax rate if you have the pre tax and after tax profit?
Wiki User
∙ 11y ago
After Tax Profit = Pretax Profit * (1 - Tax Rate)
Solve for Tax Rate
Tax Rate = 1 - (After Tax Profit/Pretax Profit)
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the income tax rate for Australian companies?
30% of net profit.
What is post tax profit?
profit after tax
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)
How do you subtract sales tax?
I'm kinda assuming you mean you want to find the pre-tax price of something when you know the post-tax price of that item. easiest way to do that is to cross-multiply. let's say your sales tax rate is 7%, then a pre-tax amount of $1 would equal $1.07 after tax. that ratio stays the same, so if your total cost (including tax) for an item is $27.77, you can say: $1.00 X ------- = --------- $1.07 $27.77 then just solve for X: X = (1 * 27.77) / 1.07 = 25.95 just substitute your post tax price for a one dollar item in place of the $1.07, and the post tax price of your item for the $27.77 to find the pre-tax price of your item.
Net sales minus cost of goods sold?
Net sales - CoGS = Gross Profit Gross Profit - other expenses = Net profit before tax Net profit before tax - tax amount = Net profit after tax
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.
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
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
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)
If you take home 25 dollars per hour what is your hourly rate before taxes?
That is pre-tax.
How do you subtract sales tax?
I'm kinda assuming you mean you want to find the pre-tax price of something when you know the post-tax price of that item. easiest way to do that is to cross-multiply. let's say your sales tax rate is 7%, then a pre-tax amount of $1 would equal $1.07 after tax. that ratio stays the same, so if your total cost (including tax) for an item is $27.77, you can say: $1.00 X ------- = --------- $1.07 $27.77 then just solve for X: X = (1 * 27.77) / 1.07 = 25.95 just substitute your post tax price for a one dollar item in place of the $1.07, and the post tax price of your item for the $27.77 to find the pre-tax price of your item.
Why you use deemed profit in tax?
We use the deemed profit in tax because it simplifies the tax.
What is the tax rate when you sell a house owned by a corporation?
The profit from the sale of the house (amount of sale minus the basis) will be taxed as income for the corporation, at their usual rate.
