Question on Taxes

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  • April 23, 2015 at 9:51 pm #193519
    Oimie
    Member

    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
    Member

    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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