9. The Impact of Taxes

  1. Daniel W. Halpin1 and
  2. Bolivar A. Senior2

Published Online: 25 AUG 2009

DOI: 10.1002/9780470548813.ch9

Financial Management and Accounting Fundamentals for Construction

Financial Management and Accounting Fundamentals for Construction

How to Cite

Halpin, D. W. and Senior, B. A. (2009) The Impact of Taxes, in Financial Management and Accounting Fundamentals for Construction, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470548813.ch9

Author Information

  1. 1

    Purdue University

  2. 2

    Colorado State University

Publication History

  1. Published Online: 25 AUG 2009
  2. Published Print: 2 SEP 2009

ISBN Information

Print ISBN: 9780470182710

Online ISBN: 9780470548813

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Keywords:

  • taxes;
  • individuals;
  • exemptions;
  • calculating;
  • payroll

Summary

This chapter contains sections titled:

  • Introduction

  • Types of Taxes

  • Income Tax Systems

  • Alternatives for Company Legal Organization

  • Taxation of Business

  • Business Deductions in General

  • Taxable Income: Individuals

  • Itemized Deductions, Standard Deductions, and Personal Exemptions

  • The Tax Significance of Depreciation

  • Calculating Depreciation

  • Straight Line Method

  • The Production Method

  • Depreciation Based on Current Law

  • Marginal Tax Rates

  • Tax Credits

  • Tax Payroll Withholding

  • Tax Payment Schedules

  • Marginal, Average, and Effective Tax Rates

  • Net Operating Losses

  • Taxes on Dividends and Long-Term Capital Gains

  • Alternative Minimum Tax

  • Summary

  • Review Questions and Exercises