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Taxes are often a very significant burden on any large, profitable organization. The top US tax rate in this country is 40% for businesses. Think about how misleading it would be to report profits before a chunk that size was removed?
I also should point out that businesses report profit both before and after tax. Go to sec.gov and review some 10-K filings.
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∙ 12y ago
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Are non profit companies exempt from unemployement tax?
No
What is the income tax rate for Australian companies?
30% of net profit.
What corporations paid no taxes?
Corporation tax is paid on company profit (not turnover). Companies that made no profit pay no corporation tax. They do pay tax in other ways. National insurance, for example, and effectively make a contribution to VAT and income tax. Companies have various ways of reducing the declared profit, and thereby reduce the amount of corporation tax paid
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 is post tax profit?
profit after tax
Are non profit companies exempt from unemployement tax?
No
What is the income tax rate for Australian companies?
30% of net profit.
What corporations paid no taxes?
Corporation tax is paid on company profit (not turnover). Companies that made no profit pay no corporation tax. They do pay tax in other ways. National insurance, for example, and effectively make a contribution to VAT and income tax. Companies have various ways of reducing the declared profit, and thereby reduce the amount of corporation tax paid
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 is post tax profit?
profit after tax
What is the purpose of corporate tax?
Corporate tax is the tax paid by companies based on its profit. Its purpose is for government projects like building of roads, public schools, and hospitals.
Which companies offer college tax credit?
The Education Improvement Tax Credit program enables companies to support non profit schools at minimal cost. Instead of sending tax dollars to Harrisburg, companies can reallocate them to support Wyoming Seminary's financial aid program.
What are tax evaders?
Tax evaders are people or companies that either refuse to pay taxes, under-report their earnings or over-report their deductions from tax. More serious crimes involving taxes quickly escalate into fraud.
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)
Why you use deemed profit in tax?
We use the deemed profit in tax because it simplifies the tax.
Do companies get a tax exemption when employees donate to non profit organizations?
I don;t know you freaks! you are such a duckbutt!?O(^$%%*^%&*)%^#*
