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Lab3 Model Design

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Thuy Dung Khuat
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34 views4 pages

Lab3 Model Design

hhhhhhh

Uploaded by

Thuy Dung Khuat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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MANAGEMENT FEE

Management fee:
DATA SECTION + Management of a company is paid proportionally to the company
fee. Particularly, if NP is positive and below $5,000, management is
$5,000 but below $10,000, management is paid 4% of that NP and
Management fee schedule If the company does not make profit (make a loss), management is

NP b/f tax & mgt fee Rate + Data of monthly NP before tax and management fee is available l
0 2.0% expense for the 12 months last year.
5,000 4.0%
+Requirement: Enter formulas into yellow cells C24,C25 and C26
10,000 6.0%
20,000 8.0%
50,000 10.0%

Month Jul Aug Sep Oct Nov Dec


NP b/f tax & mgt fee 48,207 10,027 19,572 -47,243 -37,698 181,837

REPORT SECTION

Month Jul Aug Sep Oct Nov Dec


NP b/f tax & mgt fee 48,207 10,027 19,572 -47,243 -37,698 181,837
Rate applied 8.0% 6.0% 6.0% 0.0% 0.0% 10.0%
Management fee expense 3,857 602 1,174 0 0 18,184
aid proportionally to the company's monthly net profit before tax and management
and below $5,000, management is paid 2% of that NP. If NP is equal or higher than
ement is paid 4% of that NP and so on.
fit (make a loss), management is paid nothing.

and management fee is available last financial year. Calculate the management fee
ar.

o yellow cells C24,C25 and C26 and copy rightward.

Jan Feb Mar Apr May Jun


-9,063 -28,153 29,117 29,117 -37,698 482

Jan Feb Mar Apr May Jun


-9,063 -28,153 29,117 29,117 -37,698 482
0.0% 0.0% 8.0% 8.0% 0.0% 2.0%
0 0 2,329 2,329 0 10
TUTEX 03 NAME
INCOME TAX CALCULATION ID

INPUT SECTION CALCULATION SECTION


Table 1: MARGINAL TAX RATE
Taxable Marginal
Threshold Marginal %
Income Tax Rate
0 5% 0 5%
5,000,000 10% 5,000,000 10%
10,000,000 15% 10,000,000 15%
18,000,000 20% 18,000,000 20%
32,000,000 25% 32,000,000 25%
52,000,000 30% 52,000,000 30%
80,000,000 35% 80,000,000 35%

Table 2: EMPLOYEE TAXABLE INCOME REPORT SECTION


Code Names Taxable Income Code Names
1356 Giang VND 30,000,000 1356 Giang
3708 An VND 20,000,000 3708 An
3475 Cuong VND 16,000,000 3475 Cuong
1366 Binh VND 155,000,000 1366 Binh
3587 Huong VND 11,500,000 3587 Huong
9088 Trang VND 10,000,000 9088 Trang
3560 Phuong VND 8,000,000 3560 Phuong
3460 Lien VND 5,000,000 3460 Lien
1450 Yen VND 4,000,000 1450 Yen
1467 Dung VND 2,500,000 1467 Dung
DOCUMENTATION
This model is used to calculate personal income taxes for SH
Company's employees. We calculate tax as:
Tax= base tax + (Income -Highest threshold) * Marginal rate
-Threshold= the income level at which the marginal rate changes
-Highest threshold= the highest threshold that does not exceed the
Base Tax
underlying income
0 - Base Tax= the VND amount of tax payable at that relevant
250,000 threshold
- Marginal rate= the number of VND in tax that will be paid on
750,000
every 100VND that the taxable income exceeds the highest
1,950,000 threshold
4,750,000
9,750,000
18,150,000

Taxable Income Threshold Marginal Base tax Income tax


VND 30,000,000
VND 20,000,000
VND 16,000,000
VND 155,000,000
VND 11,500,000
VND 10,000,000
VND 8,000,000
VND 5,000,000
VND 4,000,000
VND 2,500,000

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