53
9
Other deductions
$175,000.00
$38,268.38
($136,731.62)
$38,268.38
Travel expenses
$75,000
$22,045.10
($52,954.90)
$22,045.10
■
Family vacation
$25,000
—
—
—
■
Trip to Super Bowl
$10,000
—
—
—
■
Family automobile
$35,000
—
—
—
■
Fuel for family vehicles
$5,000
—
—
—
Entertainment expenses
$45,000
$2,622.04
($42,377.96)
$2,622.04
■
Company parties
$20,000
—
—
—
■
Televisions
$15,000
—
—
—
■
Season tickets to sports teams
$10,000
—
—
—
Meals expenses
$50,000
$10,652.04
($39,347.96)
$10,652.04
■
Family dinners
$35,000
—
—
—
■
Sales dinners
$15,000
—
—
—
Club expenses
$5,000
$2,949.20
($2,050.80)
$2,949.20
10
Taxable income
$0.00
—
—
$640,867.62
11
Tax burden
12
■
Taxes @ 40% (Row 10
0.4)
$256,347.05
13
■
Tax shield on interest (row 8
0.4)
$22,320.00
14
NOPAT
$362,200.57
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