Question on Taxes

This topic has 1 reply, 1 voice, and was last updated 9 years ago by Oimie.

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April 23, 2015 at 9:51 pm #193519

Oimie
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Income of $150. Prepaid rent expense of $50 for 5 years. The tax rate is 20%.

So 150 – 10 = 140 x .20 = 28 income tax right?

FAR 85 June 2015
AUD 80 Nov 2015
REG 83 Nov 2015
BEC 79 Feb 2016

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April 23, 2015 at 10:07 pm #662795

Oimie
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Nevermind I understand now, I was confused about something else

FAR 85 June 2015
AUD 80 Nov 2015
REG 83 Nov 2015
BEC 79 Feb 2016
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