List Your Total Income,deductions,taxable Income,number of Deductions,and Tax Credits to Arrive

question 58

Essay

List your total income,deductions,taxable income,number of deductions,and tax credits to arrive at taxable income and taxes payable.Make up an example if you don't want to supply your own figures.Explain the overall process.

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Definitions:

Annual Cash Revenues

The total money received from sales activities, without accounting for any deductions or costs, over the course of a year.

Hurdle Rate

The minimum rate of return on an investment that is required by a manager or investor to proceed with the investment.

Income Taxes

Taxes imposed by the government on the income generated by businesses and individuals.

Net Present Value

A financial metric that calculates the present value of all cash flows (both incoming and outgoing) associated with an investment, adjusted for time and interest.