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How do you convert after-tax salary to before-tax salary?
Divide your post tax income by your effective tax rate %. (After tax)/(effective tax rate %) = Before tax income Your effective tax rate is your tax amount divided by your taxable income (net any deductions). (tax paid in $ + tax bill/refund)/(income - deductions $)
Why the Effective Tax Rate can be different from the standard rate?
For federal and state income tax purpose because of any adjustments, deduction's, exemptions, nonrefundable tax credits, refundable tax credit, additions to tax, etc. before you arrive at the Effective tax rate.
How do I calculate property taxes?
First, determine the nominal property tax rate for your locale. Then multiply that rate by the assessment ratio, which will give you the effective property tax rate. Multiply the effective property tax rate by the value of your home and that will give you your liability.
What is the Effective tax rate in the US in 2008?
35%
What is the name of the tax rate at which additional income is taxed?
Your marginal rate as compared to your effective rate.
What effective tax rate do fortune 500 companies pay?
17%
What are the differences between tax rates?
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
How much tax does Starbucks charge?
The amount of tax paid at Starbucks should be the same amount as other stores nearby.
Do they charge tax at Starbucks?
Yes
Are the incomes of high earners actually taxed?
Yes, but their effective tax rate can be lower due to availability of tax shelters that others can't afford.
How do you find the tax rate if you have the pre tax and after tax profit?
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
What tax rate increases as the tax base increases?
The progressive tax rate is one where the tax rate increases as the taxable rate, or income, is increasing.
