MyFinanceLab Ch. 3

MyFinanceLab Ch 3 - MyFinanceLab Ch 3 Sales CGS = GP o GP Op Exp(cash Dep Exp = Op Profit o*Taxable dividend income See pg 46 for where 75 came

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MyFinanceLab: Ch. 3 Sales – CGS = GP o GP – Op. Exp. (cash) – Dep. Exp. = Op. Profit o *Taxable dividend income: Div. income x (1-75%) See pg. 46 for where 75% came from See pg. 45 for tax rates o Taxable ordinary income: = Op. Profit + taxable dividend income – int. exp. o Tax liability: Tax. Income x tax rates First $50000 x .15, next $10000 x .25, etc. Ignore dividends paid for tax purposes o Average tax rate: Total tax liability/ tax. Income
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This note was uploaded on 06/11/2011 for the course BUSI 408 taught by Professor Croce during the Spring '08 term at UNC.

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MyFinanceLab Ch 3 - MyFinanceLab Ch 3 Sales CGS = GP o GP Op Exp(cash Dep Exp = Op Profit o*Taxable dividend income See pg 46 for where 75 came

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