Need to know the calculation method adopted for deferred corporate income tax?
461792
Far too complex a subject to be dealt with here.  Some folks devote their careers to it. It requires a good understanding of both accounting theory and income taxes.\n\nEssentially, deferred tax represents the anticipated tax consequences of timing differences between financial accounting and income tax accounting.
162629
This is really not a difficult question.  If this is tough, the rest of the course will only get worse.  \n\nHowever, you can figure it out by this:\n\nWACC = (Percentage Equity * Cost of Equity) + (Percentage debt * Cost of Debt * (1-Tax))\n\nHopefully that helps.
766682
Look here ---> http://www.taxcorp.co.uk/faq.html
572609
The difference comes from different measures of earnings (the 'E' in EPS).  Some use the last calendar year, some use the last 4 quarters, some use earnings estimates for the coming year or 4 quarters.\n\nYou can calculate your own using the information available at Yahoo and earnings.com or use that info. to figure out the assumptions for the sites you list above.  Then you can use whichever one uses assumptions that make the most sense to you.\n\nAs long as you're consistent it will be a meaningful measure.  I like the past 4 quarters method.
1083798
The gain is calculated as the proceeds received less the cost originally incurred less an allowance known as 'indexation' which gives you credit for inflation.  The longer you have held the flat, the more credit for inflation you'll receive to reduce the gain.\n\nThe gain will be taxed at whatever rate of tax the company pays based on profits.  If it is a one-off stand alone company any profits or gains up to £300,000 will be taxed at 19%.  Once the profits and gains exceed this sum the tax rate begins to rise, reaching a rate of 30% once profits and gains for the year total £1.5m.\n\nReally too complicated to answer in a short question like this.  Try the HMRC website for more info or speak to an accountant/tax adviser.
437167
DID YOU CHECK FOR THE FIRM'S 10 k REPORT FROM THE SECURITY \nAND EXCHANGE COMMISSION'S EDGAR ONLINE SERVICE? ONCE YOU GET THAT AND OR THE ANNUAL REPORT YOU CAN CALCULATE \nTHE INFORMATION YOURSELF SEVERAL WAYS IF YOU HAVE TO.\nGET A COPY OF THE WALL STREET JOURNAL AND SEE IF THEY HAVE \nISSUED CORPORATE BONDS.  IF SO, BASED ON THEIR COUPON RATES AND THE CURRENT MARKET PRICE YOU CAN SIMPLY CALCULATE THE AFTER TAX YIELD TO MATURITY (ytm%).  YOU MAY BE ABLE \nTO BACK OUT THE COST OF DEBT FOR THE CORPORATION BY FIRST CALCULATING THEIR wEIGHTED AVERAGE COST OF CAPITAL(wacc%).\nFIND THE STOCK'S COST OF CAPITAL USING AN ASSET PRICING MODEL LIKE THE CAPM (CAPITAL ASSET PRICING MODEL) OR \nSIMILAR MODEL AND SUBTRACT IT FROM THE WACC%. MAKE SURE YOU\nHAVE ACCOUNTED FOR ANY PREFERRED STOCK COST IF IT HAS BEEN ISSUED.
1109820
First you need to intergrate the equation to get f(t) the net worth of the company (and not the rate of net worth).\n\nf(t) = 2000t - 12(t^3)/3 + c\nAt time 1990 t = 0 so f(0) = 0 + c\nAt time 2000 t = 10 so f(10) = 2000*10 - 12*1000/3 + c = 16,000 + c\nTherefore the change in net worth between 1990 and 2000 is \nf(10) - f(0) = 16000 + c - (0+ c) = 16,000\n\nNote the c is called the constant of intergration. You don't have enough information to calculate what the actual net worth of the company is at any point in time, hence you need to add a constant "c". However, as the question asks for the change in net worth the "c" gets cancelled.\n\nNote to integrate these kinds of polynomials you simply add one to the power of the variable (in this case t) and divide by the result, and add "c" to the end of the equation. \n\nSo f ' (t) = 2000 - 12t^2  or f ' (t) = 2000t^0 - 12t^2\n\nSo for each term add one to the power of t and divide by the result to intergrate the funcation.\n\nf(t) = (2000t^1)/1 - 12(t^3)/3 + c\n\nor\n\nf(t) = 2000t - 12(t^3)/3 + c\n\nI hope that helps explain it a little better.
22923
http://www.mycorporation.com/taxforms.htm
151304
refer v.k.singhania's students' guide to income tax\na.y-2006-07
562118
Basically, You have to pay the tax plus a 10% penalty\nTopic 424 - 401(k) Plans\n\nA section 401(k) plan is a type of tax-qualified deferred compensation plan in which an employee can elect to have the employer contribute a portion of his or her cash wages to the plan on a pre–tax basis. These deferred wages (commonly referred to as elective deferrals) are not subject to income tax withholding at the time of deferral, and they are not reflected on your Form 1040 (PDF) since they were not included in the taxable wages on your Form W-2 (PDF). However, they are included as wages subject to social security, Medicare, and federal unemployment taxes. \n\nThe amount that an employee may elect to defer to a 401(k) plan is limited. Therefore, your elective contributions may be limited based on the terms of your 401(k) plan. Refer to Publication 525, Taxable and Nontaxable Income, for more information about elective deferrals. Employers should refer to Publication 560, Retirement Plans for Small Business, for information about setting up and maintaining retirement plans for employees, including 401(k) plans. \n\nDistributions from a 401(k) plan may qualify for optional lump–sum distribution treatment or rollover treatment as long as they meet the respective requirements. For more information, refer to Topic 412, Lump–Sum Distributions, Topic 413, Rollovers from Retirement Plans, and Topic 555, 10–Year Tax Option for Lump–Sum Distributions.\n\nMany 401(k) plans allow employees to make a hardship withdrawal because of immediate and heavy financial needs. Generally, hardship distributions from a 401(k) plan are limited to the amount of the employee's elective deferrals only, and do not include any income earned on the deferred amounts. Hardship distributions are not treated as eligible rollover distributions. \n\nDistributions received before age 59 1/2 are subject to an early distribution penalty of 10% additional tax unless an exception applies. For more information about the treatment of retirement plan distributions, refer to Publication 575, Pension and Annuity Income.
874766
Try this online calculator may help!!\n\n\nhttp://www.bfinancialtools.co.uk/working-family-tax-credit-calculator.php
771054
Your attention is invited to Section 73(3) of the Finance Act,1994 as amended which is at the link below\nhttp://www.allindiantaxes.com/service-tax-finance-act.php\n"(3) Where any service tax has not been levied or paid or has been short-levied or short-paid or erroneously refunded, the person chargeable with the service tax, or the person to whom such tax refund has erroneously been made, may pay the amount of such service tax, chargeable or erroneously refunded, on the basis of his own ascertainment thereof, or on the basis of tax ascertained by a Central Excise Officer before service of notice on him under sub-section (1) in respect of such service tax, and inform the Central Excise Officer of such payment in writing, who, on receipt of such information shall not serve any notice under sub-section (1) in respect of the amount so paid"\nYou are , therefore,advised to give an intimation under Section 73(3) to the service tax department and due acknowledgement may be kept.\nIn view of the provisions no penalty can be levied on you.
253265
For the indirect method:\nOPERATING ACTIVITIES\n1. Start with net income. Then add depreciation expense, add (subtract) losses (gains) on the disposition of fixed assets, investment losses (gains), amortization of intangibles, and cumulative effect of change in accounting principle. These charges (credits) must be added (subtracted) because they are non-cash in nature.\n\n2. Then, look at the balance sheet and add (subtract)decreases (increases) in operating assets (e.g. accounts receivable, inventory, prepayments) for the period. For example, if prepaid insurance increases by $1,000, add $1,000 to the operating activities section. This must be done because the balance of the account increased (i.e. cash outflow) but this has not yet been reflected in net income. Next, add (subtract) increases (decreases) in operating liabilities (e.g. accounts payable, accrued expenses, taxes accrued, salaries payable).\n\nNote: The investing activites and financing activites section are the same under both the direct and indirect methods. The indirect method only applies to the operating activites section.\n\nINVESTING ACTIVITES\n\n1. Analyze the activity in the fixed asset and investment accounts. Determine the amount of cash paid for capital expenditures and purchases of investments classified as held-to-maturity or available for sale (Note that purchases and sales of trading securities are considered operating activities. The change in balance of trading securities assets should be included in the operating activites section.).\n\n2. Determine the amount of cash received for sales of fixed assets or investments. Report this amount as a cash inflow.\n\n3. For steps 2 and 3, merely taking the change in balance of the fixed asset and investment accounts will not work. You must analyze the activity in the accounts.\n\n4. Also include in this section cash paid to acquire companies. The amount of cash outflow reported should be net of cash received in the acquisition. Conversely, include cash received from the sale of subsidiaries in this section. Note that when there is an acquistion or divestiture, the change in the operating assets and liabilties on the balance sheet will not match the change reported in the operating activites section of the statement of cash flows because the amounts shown in the operating activites section do not include the change in the asset or liability due to the acquisition or divestiture.\n\nFINANCING ACTIVITES\n\n1. Determine the change in short-term debt. If short-term debt increased during the period, report a cash inflow. If it decreased, report a cash outflow. This amount may be reported as a net number if the maturities of the short-term debt do not exceed 90 days. Otherwise, the gross amounts must be reported.\n\n2. Determine the amount of long-term debt issued. Show this amount as a cash inflow. Determine the amount long-term debt repaid/retired. Show this amount as a cash outflow. \n\n3. Do not show interest paid in this section. All interest paid is an operating activity.\n\n4. Determine the amount of dividends paid during the period. Show this amount as a cash outflow. Note that dividends received are not a financing cash flow and should be reported as operating activities.\n\n5. Determine the amount of cash received for the issuance of stock. Report this amount as a cash inflow. Report repurchases of common stock separately in this section as a cash outflow.\n\n6. If there were any debt issue costs incurred (underwriting fees, bond discount), they should be reported as a cash outflow in this section.\n\n7. If there were excess tax benefits from share-based payment arrangements credited to paid-in capital, these amounts would also be reported as financing cash inflow.\n\nGOOD LUCK!!!! Post additional questions if you need help.
1119252
As per [Indian] Income Tax Act, in order to compute capital gains, you have to reduce following from the ACTUAL SALES CONSIDERATION in order to compute capital gains:\n\na) Actual Cost of Purchase (indexed in case applicable)\nb) Actual Costs associated with sales like Brokerage.\n\nPlease note STT will not be reduced for capital gains.
1119437
I haven't done this in forever, but I'll try.  If I get something egregiously wrong, let me know via email.\n\nIn the interests of laziness, I used M instead of MM for million.\n\nIn time 0, there's\n-15M\n-150k\nSum = -15.15M\n\nIn year 1,\nthere's\n-1M from fixed costs\n-5.65M from change in NWC (58M in sales -> 5.8M total)\n+8M from (sales - VC)\n-2.8M in tax\n+1.5M from deprecation tax shield\nSum = .05M\n\nIn year 2,\n-1M in fixed costs\n-2.9M from change in NWC (87M in sales)\n+12M from (sales - VC)\n-4.4M in tax\n+1.5 from depr\nSum = 5.2M\n\nIn year 3,\n-1M in fixed\n+4.35M (43.5M in sales)\n+6M from (sales - VC)\n-2M in tax\n+1.5 from depr\nSum = 8.85M\n\nAt the end (still year 3),\nthere's\n+4.35M from recovered NWC\n+3.75M in salvage value (might be less if the book value is less than 3.75...I don't exactly remember how to handle this, but it might be 60% depending on if the sale is taxed from whatever cost basis)\nSum = 8.1M\n\nSo, -15.15M + (.05M/1.2) + (5.2M/1.2^2) + (8.85/1.2^3) + (8.1M/1.2^3) = -1.69M\n\nThe IRR is relatively trivial from here.\n\nHm, so it's looking negative.  I'm not sure.  There's definitely something off in my calculations somewhere.  *shrug*
197791
Reinvesting dividend is like purchasing new units at their market value. Most of the people use this option to save tax on long term capital gains that they would incur in growth option. \n\nTo calculate the returns, the simplest and the most logical way is to compare the market value of your investment incl that of the newly purchased units through dividend reinvestment while ignoring the dates of reinvestment. Further, if you wish to, you can annualize the returns and/or use appropriate inflation deflator to calculate the real returns.
179374
In order to use income tax for this year's board exam, follow the following steps:\n1. Calculate the Annual gross income.\n2. Calculate the total savings( PF,CPF,GPF,NSC,LIC)\n3. Calculate the exemption on donations.\n4. 1- (2+3).\n5. Calculate the income tax on the amount obtained in step 4\n6. Calculate 2% education cess on the income tax calcualted in above step.\n7. Add the amounts obtained in 5 and 6.\n8. You are ready wiht the answer. \n  Best of luck.