Answer: $28,000
Explanation:
Jonathan can deduct both the real estate taxes and the state income taxes but the Tax Cuts and Jobs Act cut the deduction one can claim on State and Local taxes to $10,000 from 2018 to 2025.
The total deduction Jonathan can claim is therefore:
= Real estate taxes + Capped state income tax
= 18,000 + 10,000
= $28,000
Answer:
$11.59 million
Explanation:
The computation of earning before interest and tax is shown below:-
Free cash flow = Operating cash flow - Investment in operating cash flow
$8.17 million = Operating cash flow - $2.17 million
Operating cash flow = $10.34 million
For calculating the earning before interest
Operating cash flow = Earning before interest - Taxes + Depreciation
$10.34 million = Earning before interest - $2.17 million + $0.92 million
= $10.34 million = Earning before interest - $1.25 million
Earning before interest = $11.59 million
Jay and Jim does not only take a chance that a bigger
problem may occur, since they foresee that there is a risk if they permit an
illegal worker to drive a truck and has an accident on the job but they are
also indirectly setting the ethics code for their firm.
Answer:
$21,796.14
Explanation:
Use the Time Value of Money techniques to calculate the amount of each installment (PMT)
PV = $250,000
i = 6 %
n = 20
P/yr = 1
FV = $0
PMT = ?
Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.