How much do i pay from my pocket after taxes from my pocket for $800 car lease under s corp.?

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How much do i pay from my pocket after taxes from my pocket for $800 car lease under s corp.?

I have leased a car for which i pay $800/month.Its leased under s corp.I can deduct the whole amount when i file taxes but how much am i actully paying from my pocket after taxes since i am in 305 bracket.

2007-01-29 19:20:06 · 1 answers · asked by kalpesh s 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

70% of the $800. Do the math.

2007-01-29 21:10:16 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 1⤋