Question: second part is and example problem Calculate the effective tax rate for the following flavored brandy formula: Distilled Spirits 2067.3 proof gallons Eligible wine (14%

second part is and example problem

Calculate the effective tax rate for the following flavored brandy formula: Distilled Spirits 2067.3 proof gallons Eligible wine (14\% ABV) 160.5 wine gallons. Eligible flavors 6.675 proof gallons. Effective Tax Rate Ex. (2249.1pg+(2265.0wg0.28)+(1020.0wg0.38)+100.9pg)((2249.1pg$13.50)+(2265.0wg$1.07)+(1020.0wg$1.57)+(41.34pg$13.50)=34945.89/3371.8=$10.36/PG This example assumes you have exceeded CBML production credits and are using the Proof gallons by which distilled spirite derived from eligible flavors exceed 2.596 of the total proof gallons in the bateh. 0.025 (9249.1+100.9)=58.75 pg of 'free' pgs, Meaning you only pay on 100.958.75=41.34pg

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Calculate the effective tax rate for the following flavored brandy formula Distilled Spirits 2756.4 proof gallons Eligible wine (14% ABV) 214.0 wine gallons. Eligible flavors 8.9 proof gallons

Calculate the effective tax rate for the following flavored brandy formula : Distilled Spirits 2756.4 proof gallons Eligible wine (14% ABV) 214.0 wine gallons. Eligible flavors 8.9 proof gallons.

Calculate the effective tax rate for the following flavored brandy formula Distilled Spirits 2756.4 proof gallons Eligible wine (14% ABV) 214.0 wine gallons. Eligible flavors 8.9 proof gallons

Write a 5 page report answering all these questions: Is the market of making whiskey (i.e., being a distiller without Bespokens ACTivationTechnology) attractive? What makes it attractive or not? What...

I am doing fitting a straight line to data when random errors are confined to the x quantity. For the example given in the book, the data is x (2.52, 3.45, 3.46, 4.25, 4.71, 5.47, 6.61) and y...

In Bass Fishin' LLC specializes in making environmentally friendly fishing bait. Their website states that (1) they want to reduce their carbon emissions from operations, and (2) in order to do so...

Here is the second part of the example Module 6 Assignment 1 In chapter 6, you learned how to understand consumer behavior. In this assignment, I would like you to evaluate your consumer behavior. 1....

Math 1330 Precalculus Electronic Homework (EHW 3) Sections 4.1, 4.2 Work the following problems and choose the correct answer. The problems that refer to the Textbook may be found at www.casa.uh.edu...

1 of 12 4 Equivalence partitioning and boundary value analysis revisited Equivalence partitioning (EP) and boundary value analysis (BVA) together are among the most popular and widely used...

MATHEMATICS FOR MACHINE LEARNING Marc Peter Deisenroth A. Aldo Faisal Cheng Soon Ong Contents Foreword 1 Part I Mathematical Foundations 9 1 Introduction and Motivation 11 1.1 Finding Words for...

what is the firm's weighted average cost of capital of the operating assets. WACCO? Cost of debt, Ro: 7% Cost of equity. Rg: 20% Total market value of debt, D: 500 Total market value of equity, S:...

Suppose you are given the adjacency matrix representation M of a directed graph G = (V,E). Note that the size of M is (n2). The goal here is to determine if there is a node of G with in-degree n1 and...

Firms with a lower degree of leverage have a higher potential for profit.True false question.TrueFalse

Risk Managers use a number of methods for handling risk for each of the following what method for handling risk is used