Going thru AI again (been a few weeks) and I'm stuck on something silly..
Calculating the income tax payable
NOI - Depreciation (straight line) - Interest paid = taxable income
taxable income * tax rate = Income tax payable
In R47, pg 17-23 they give the Douglas Mannor example. My first question is why is Depreciation based only on the $451,000 of 'improvements' instead of the entire $525,000 cost. Second question is when you calculate the monthly mortgage payment (FV=0, PV= -393,750, N=12x30 I=8/12 --> CPT pmt you get 2889.20).. perfect. This is where the wheels are rusty..
The interest paid in fig 8. is $31,381 - how is that computed. I want to take mortgage outstanding * .08 which is [ 393,770*.08= $31,500 ] but I get a number slightly higher, as expected because the monthly compounding. How do i derive this number correctly? Will it be given?
Matt
Edited 1 time(s). Last edit at Tuesday, May 24, 2011 at 09:38PM by mbolzicco. |
发表于 2011-7-13 13:10
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