HW-Chap-12 - Total Tax = $2,250 $6,450 = $8,700 12-16 PW of...

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Engineering Economy ENGR 300 Chapter 12 12-5 Proprietorship Exemption = $2,750 Standard Deduction = $4,300 Taxable Income = $65,000 − $2,750 − $4,300 = $57,950 Tax = $3,697.50 + ($57,950 − $24,650) (0.28) = $13,021.50 Corporation Jane’s Tax on $22,000 Exemption = $2,700 Standard Deduction = $4,300 Taxable Income = $22,000 − $2,700 − $4,300 = $15,000 Tax = 0.15 ($15,000) = $2,250 Corporate Tax on $43,000 taxable income: Tax = 0.14 ($43,000) = $6,450
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Unformatted text preview: Total Tax = $2,250 + $6,450 = $8,700 12-16 PW of Benefits – PW of Cost = 0 $19,000 (P/A, i%, 5) − $3,000 (P/G, i%, 5) + $5,000 (P/F, i%, 5) − $50,000 = 0 Try i = 15% $19,000 (3.352) − $3,000 (5.775) + $5,000 (0.4972) − $50,000 = −$1,151 Try i = 12% $19,000 (3.605) − $3,000 (6.397) + $5,000 (0.5674) − $50,000 = +$2,141 Using linear interpolation, find that i = 14%. Engineering Economy ENGR 300 Chapter 12...
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This note was uploaded on 04/18/2011 for the course ENGINEER 300 taught by Professor Kashayar during the Spring '11 term at California State University Los Angeles .

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HW-Chap-12 - Total Tax = $2,250 $6,450 = $8,700 12-16 PW of...

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