Professional Documents
Culture Documents
Interim
Interim
income year-to-
date $ 340,000.00 $ 1,130,000.00 $ 2,630,000.00
quarterly period
income $ 340,000.00 $ 790,000.00 $ 1,500,000.00
income tax
expense $ (97,778.78) $ (227,191.87) $ (431,376.98)
net income $ 242,221.22 $ 562,808.13 $ 1,068,623.02
P15-8
1. Estimated annual effective tax rate
First $50,000 X 20% $ 10,000.00
Reminder
$ 4,430,000.00 $ 4,430,000.00
$ 1,800,000.00 $ 4,430,000.00
$ (517,652.37) $ (1,274,000.00)
$ 1,282,347.63 $ 3,156,000.00 $ 1,274,000.00
$ 160,000.00 $ 160,000.00
$ 50,000.00 $ 160,000.00
$ (13,112.50) $ (41,960.00)
$ 36,887.50 $ 118,040.00
2500
10000
20000
62500
1179000
4430000 1274000
3930000 0.28758465