b*****3
发帖数: 11 | 1 Mike Barton owns Barton Products, Inc. Barton Corporation expects $500,000
of net income before taxes in 2007. Mike's salary is $230,000 per year(
already deducted in computing Barton Corporation's $500'000 net income)
Should Mike increase his salary from Barton to reduce the overall tax burden
to himself and Barton Products? Assume the corporation and Mike each would
incur a 1.45% payroll tax with the corporate portion being deductible.
I am not quite sure about the last sentence. Does it mean | r*****z
发帖数: 176 | 2 我觉得公司的net income = current net income - additional salary * (1+1.45%)
burden
ignore
【在 b*****3 的大作中提到】
: Mike Barton owns Barton Products, Inc. Barton Corporation expects $500,000
: of net income before taxes in 2007. Mike's salary is $230,000 per year(
: already deducted in computing Barton Corporation's $500'000 net income)
: Should Mike increase his salary from Barton to reduce the overall tax burden
: to himself and Barton Products? Assume the corporation and Mike each would
: incur a 1.45% payroll tax with the corporate portion being deductible.
: I am not quite sure about the last sentence. Does it mean
| b*****3
发帖数: 11 | 3 Thank you!
Do i need to deduct the the 1.45% payroll from the $230,000 when calculating
the taxable income? | r*****z
发帖数: 176 | 4 Personal taxable income? It didn't say personal portion is deductible... so
I guess no
calculating
【在 b*****3 的大作中提到】
: Thank you!
: Do i need to deduct the the 1.45% payroll from the $230,000 when calculating
: the taxable income?
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