Question

If a company has gross income of $154340 and depreciation and expenses of $33886, what is the effective tax rate?

Answer 1

@satellite73

Answer 2

@Directrix

Answer 3

@jhonyy9

Answer 4

@King.Void.

Answer 5

please help me I got a solution but my TA says it's wrong. I don't think it's wrong though. I got 25%

Answer 6

I can show work hold on

Answer 7

can you show it now ?

Answer 8

There is my work

Answer 9

in the first step you need subtracting from income amount the expenses taxe amount

Answer 10

I did that and got 120454

Answer 11

Look at my work, the attached image

Answer 12

sorry but i not can seeing it clearly

Answer 13

zoom in

Answer 14

so than you have got this 120454 so the effective taxe rate you need to calcule again - do you know it how ? taxe rate you need represent it in percent of - yes ?

Answer 15

Yes I used the rate and got 30227.06

Answer 16

you can see this better right? I took a better picture

Answer 17

does that look right or what?

Answer 18

moment please

154340 mean ----- 100%

Answer 19

154340 --- 100%
33886 ----- x %
-----------------

x= 33886*100/154340 = ? % the taxe rate

Answer 20

you have got it in this way ?

Answer 21

220% lol I don't think that is right

Answer 22

you mean 33886*(0.100) ???

Answer 23

this dont result 220%

please calcule it newly

Answer 24

I did and got 22.08%

Answer 25

not exactly i have got 21,95%

Answer 26

so aproximatly 22% is the taxe rate

Answer 27

ok. ?

Answer 28

was my pleasure

good luck

bye bye

Answer 29

what does your TA say it is?

Answer 30

I am right. My TA is wrong. Muahaha. It was 25%