1 Tax Ben 2 Q1 Total financial income (expense) 2,000 Tax rate 21% What is the tax...
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1 | Tax Ben 2 Q1 | Total financial income (expense) | 2,000 | |||
Tax rate | 21% | |||||
What is the tax benefit (burden)? | ||||||
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2 | NFE AT 1 Q1 | Net financial expense | 1,200 | |||
Tax benefit | 300 | |||||
What is net financial expense after tax? | ||||||
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3 | NFE 1 Q1 | Operating income | 5,000 | |||
Interest income | 400 | |||||
Interest expense | 1,000 | |||||
Other income (expense) | 50 | |||||
What is net financial expense? | ||||||
4 | Tax Alloc 1 Q1 | Provision for taxes | 2,000 | |||
Tax benefit | 800 | |||||
What is tax allocated to operations? | ||||||
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5 | Tax Alloc 4 Q1 | Tax rate | 21% | |||
Net sales revenue | 2,000 | |||||
Operating expenses | 1,500 | |||||
Operating income | 500 | |||||
Net financial expense | 100 | |||||
Provision for taxes | 50 | |||||
Net income | 350 | |||||
What is tax allocated to operations? | ||||||
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6 | OPAT 1 Q1 | A company has operating income of $6,540. | ||||
Tax allocated to operations is $680. | ||||||
What is operating income after taxes? | ||||||
7 | OPAT 2 Q1 | Tax rate | 21% | |||
Operating income | 7,300 | |||||
Net financial expense | 900 | |||||
Provision for taxes | 200 | |||||
What is operating income after taxes? | ||||||
Do not use the dollar sign |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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