Pregunta: Someone help me, how do you get the federal tax? a. A piece of equipment for experimentation and investigation is purchased for $100,000. Equipment will be depreciated using MACRS. In which category of the “MACRS GDS property class”

Someone help me, how do you get the federal tax?

a. A piece of equipment for experimentation and investigation is purchased for $100,000. Equipment will be depreciated using MACRS. In which category of the “MACRS GDS property class” is this asset classified?

b. How much is the first year depreciation deduction?

c. CALCULATE the taxable income for the first year, if the company generated $400,000 in income from the equipment. The company has ongoing expenses of $10,000 and depreciation expenses as calculated in part b.

d. how much is the federal and state tax combined for a state where the state tax is 8%.

and. CALCULATE how much the company has to pay in combined federal and state taxes at the end of the first year. The state incremental tax is 8%.

f.CALCULATE how much is the surplus income of the first year, after paying taxes (after tax income).

Fill in the blanks:

a.Property class: Response
5 years
. b. The deduction for depreciation is: $Answer
80000
. c. Taxable Income = $ Answer
310000
. d. Combined Federal and State Tax Answer
29
% (to two decimal places). and. Taxes to pay = $Response
89900
. F. Income after taxes = $Answer
301000
.