- Resources, Tools and Basic Information for Engineering and Design of Technical Applications!
Income tax vs. taxable income.
can be expressed as
TI = Σ R - Σ C - Σ D - Σ OE (1)
TI = taxable income
R = revenues
C = operating costs of projects or goods sold
D = assets depreciation
OE = operating expenses
can be calculated as
IT = TI tr (2)
IT = income taxes
tr = tax rate
Engineering economics - cash flow diagrams, present value, discount rates, internal rates of return - IRR, income taxes, inflation.
Operating profit after tax.
Profit is made when revenue exceeds costs.
About the Engineering ToolBox!
We don't collect information from our users. More about
This page can be cited as
The Engineering ToolBox (2008). Income Tax. [online] Available at: https://www.engineeringtoolbox.com/income-taxes-d_1239.html [Accessed Day Month Year].
Modify the access date according your visit.