{"id":8534,"date":"2023-03-06T06:23:18","date_gmt":"2023-03-06T06:23:18","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/taxation-excel-problem\/"},"modified":"2023-03-06T06:23:18","modified_gmt":"2023-03-06T06:23:18","slug":"taxation-excel-problem","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/taxation-excel-problem\/","title":{"rendered":"Taxation Excel Problem"},"content":{"rendered":"
\n Learning Goal: <\/b>I’m working on a excel multi-part question and need the explanation and answer to help me learn.<\/p>\n

Please do not use outside sources, no plagiarism and make sure to complete every part. Theres 5 questions which are required so please answer them and have it in excel.<\/p>\n

These are the questions to be answered with the provided information in the attached pdf:<\/p>\n

1.<\/span> Calculate <\/span>LS<\/span>\u00e2\u20ac\u2122s<\/span> business taxable income<\/span> for <\/span>year 2022<\/span> (1<\/span>7<\/span> points<\/span>)<\/span>.<\/span> <\/p>\n

2.<\/span> Wh<\/span>at is Max<\/span>\u00e2\u20ac\u2122<\/span>s 2022 <\/span>tax liability<\/span> assuming Max <\/span>files as a single for 2022<\/span>. <\/span>Ignore <\/span>
any potential tax credits, self<\/span>–<\/span>employment, or employment taxes<\/span> (2 points<\/span>)<\/span> <\/p>\n

3.<\/span> What <\/span>are<\/span> Max<\/span>\u00e2\u20ac\u2122s f<\/span>ederal <\/span>tax return <\/span>filing <\/span>deadline and payment dea<\/span>dline<\/span> for 2022 <\/span>
tax<\/span>es <\/span>(<\/span>2<\/span> points)<\/span>?<\/span> <\/p>\n

4.<\/span> What is <\/span>Max<\/span>\u00e2\u20ac\u2122s<\/span>:<\/span>
a.<\/span> Average tax rate (<\/span>3<\/span> pts)<\/span>
b.<\/span> Effective tax rate (<\/span>3<\/span> pts)<\/span>
c.<\/span> Marginal tax rate (<\/span>3 <\/span>pts)<\/span> <\/p>\n

5.<\/span> How much federal income tax could <\/span>Ma<\/span>x<\/span> save <\/span>(<\/span>or <\/span>pay additional) <\/span>in 2022 if he <\/span>
had converted <\/span>LS<\/span> from a sole proprietorship to a C Corp? (5pts)<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Learning Goal: I’m working on a excel multi-part question and need the explanation and answer to help me learn. Please do not use outside sources, no plagiarism and make sure to complete every part. Theres 5 questions which are required so please answer them and have it in excel. These are the questions to be […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[759],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/8534"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=8534"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/8534\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=8534"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=8534"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=8534"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=8534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}