Asked in Taxes and Tax Preparation
How do you solve rate of tax?
Find the dollar amount of the sales tax by subtracting the pretax price from the post-tax price. Divide the sales tax cost by the pretax price. Multiply the Step 2 answer by 100 to convert the sales tax rate from a decimal to a percentage. ...
Asked in Investment Theory
How Du pont system break down return on stockholder's equity?
RoE = (net profits/pretax burden)*(Pretax burden/EBIT)(*EBIT/Sales)*(Sales/Asset)*(Asset/Equity) (ie) Tax Burden*Intrest Burden*Return on Sales*Asset Turn Over*leverage ...
If you pay for your group life insurance through your employer on a pretax basis and name your husband as beneficiary are the proceeds taxable because you paid for the benefit with pretax dollars?
Insurance proceeds are non-taxable funds no matter how the premiums are paid. In Michigan, insurance proceeds received by a spouse,and only a spouse, are also excluded from household income for the Michigan Homestead Property Tax Credit. ...
Asked in Business Accounting and Bookkeeping
Management anticipates fixed costs of 72500 and variable costs of 40 percent of sales What will pretax income equal if sales are 325000?
325,000 - (325,000 x .4) - 72,500 = 122,500
What words has the 2nd letter r and a letter t in the word?
Arctic, crate, critic, froth, grateful, pretax, protect and truth have the letter r as the 2nd letter. They include the letter t. ...
Can you deduct group insurance premiums on taxes?
Depends on how you paid the premiums. If you paid the premiums on a pretax basis, then you cannot declare the premiums. Many COBRA payments, retiree insurance payments and so on can be deducted. ...
Asked in Income Taxes
What is the FICA tax liability status of pretax contributions to qualified deferred compensation arrangements?
They are subject to FICA tax like any other wages. However the employers' matching contributions are tax-free. ...