BUAD 6200 - BUAD 6200 Homework#1 BUAD 6200 Page 1 BUAD 6200...

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BUAD 6200 Homework #1 9/9/2009 BUAD 6200 Page 1
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BUAD 6200 Homework #1 Q18) a) Corporation Growth: 0-50,000 15% Tax on income = $7,500 50,001-75,000 25 Tax on income = $6,250 75,000-100,000 34 Tax on income = $3,400 Total tax = $17,150 Corporation Income: 0-50,000 15% Tax on income = $7,500 50,001-75,000 25 Tax on income = $6,250 75,001-100,000 34 Tax on income = $8,500 100,001-335,000 39 Tax on income = $91,650 335,001-10,000,000 34 Tax on income = $2,776,100 Total Tax = $2,890,000 b) Corporation Growth: 0-50,000 15% Tax on income = $7,500 50,001-75,000 25 Tax on income = $6,250 75,000-100,000 34 Tax on income = $6,800 Total tax = $20,550 Corporation Income: BUAD 6200 Page 3
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0-50,000 15% Tax on income = $7,500 50,001-75,000 25 Tax on income = $6,250 75,001-100,000 34 Tax on income = $8,500 100,001-335,000 39 Tax on income = $91,650 335,001-10,000,000 34 Tax on income = $2,779,500 Total Tax = $2,893,400 Both total taxes were increased by the same amount for the additional $10,000 income. This is
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This note was uploaded on 02/09/2010 for the course FINANCE MGT337 taught by Professor Huggins during the Spring '08 term at University of Toronto.

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BUAD 6200 - BUAD 6200 Homework#1 BUAD 6200 Page 1 BUAD 6200...

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