This text seeks to force readers to recognize the roles taxes play in business and investment decisions. It also provides an overview of the general role of taxation and its implications across business and presents the details of specific exceptions.The tax computation must take into account any preferential rate applying to capital gains included in taxable income. ... $15, 013 Tax on capital gain ($25, 000 x 20%) $ 5, 000 Tax liability - $20, 013 The 20 percent capital gains rate reducedanbsp;...
|Title||:||Principles of Taxation for Business and Investment Planning|
|Author||:||Sally M. Jones|