10.6.2 - $ CASH FLOW CASH INFLOW EMPLOYMENT INCOME 4,166.67...

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BASIC EXAMPLE ANSWER INCOME EMPLOYMENT INCOME 50,000.00 $ INTEREST INCOME 2,000.00 $ TOTAL INCOME 52,000.00 $ DEDUCTIONS RRSP 3,000.00 $ ANNUAL PROFESSIONAL FEES 750.00 $ TOTAL DEDUCTION 3,750.00 $ TAXABLE INCOME 48,250.00 $ TAXES @ EFFECTIVE TAX RATE 18.68% 9,013.10 $ NON-REFUNDABLE TAX CREDITS DONATIONS 1,000.00 $ 25.00% 250.00 $ TOTAL CREDITS (250.00) $ TAXES PAID (10,585.00) $ TAXES OWING (REFUND) (1,821.90)
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Unformatted text preview: $ CASH FLOW CASH INFLOW EMPLOYMENT INCOME 4,166.67 $ 50,000.00 $ INTEREST INCOME 166.67 $ 2,000.00 $ TAXES (730.25) $ (8,763.00) $ AFTER TAX TAX INCOME 3,603.08 $ 43,237.00 $ CASH OUTFLOW FIXED EXPENSES 2,500.00 $ 30,000.00 $ VARIABLE EXPENSES 666.67 $ 8,000.00 $ TOTAL CASH OU TFLOW 3,166.67 $ 38,000.00 $ SU RPLU S CASH FLOW 436.42 $ 5,237.00 $...
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This note was uploaded on 11/13/2011 for the course CIVE 2*** taught by Professor - during the Spring '11 term at Carleton CA.

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10.6.2 - $ CASH FLOW CASH INFLOW EMPLOYMENT INCOME 4,166.67...

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