Help with an Accounting Question

follow on 05/07/2018 - 23:19

This is the Revenue Projection after applying a 15% tax.

Year

2019

2020

2021

2022

2023

2025

Revenue Projection after a 15% Tax (USD)

$535,500

$2,721,006.4

$4,939,423.1

$9,559,365

$10,037,333

$10,539,200

The graph that is required is the net profit after tax. In doing so, I assume we need to know the % profit (eg 40%) which I would then subtract from the figure to get the net profit after tax?

Education & Work

Comments

  • [Deactivated] on 05/07/2018 - 23:24
    +1

    Net profit after tax = (total revenue - cost of sale and expenditures) x (1 - tax percentage)

    Solve for Y

    • BuyoTheCat on 05/07/2018 - 23:38

      suffusion of yellow

    • follow on 06/07/2018 - 09:57

      Thanks. What do you mean solve for y?

      • HighAndDry on 06/07/2018 - 10:00

        Algebra mate. "Net profit after tax" is the "Y".

        • follow on 06/07/2018 - 10:08
          +1

          Oh haha

  • HighAndDry on 06/07/2018 - 09:50

    Revenue Projection after a 15% Tax

    You calculate tax on profit, not on revenue. So "(Revenue - Expenses etc) x (1 - [tax rate])" gives you net profit after tax.

    • follow on 06/07/2018 - 09:58

      Thanks

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