HVAC · Supporting-Topics · Problem 15PDFSolution in PDF ↓
HVAC · Supporting-Topics · Problem 15
Problem & Solution
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Student questions asked in live office hours about this problem
OH 98: HVAC: Supporting Topics #15
Q: I applied a tax on the sale of the business at year 5 and got the wrong answer — what's the framework for knowing when taxes apply?
A: If tax isn't mentioned in the problem, you don't apply it — they'd have to give you a tax rate for you to calculate it, and you shouldn't be memorizing tax rates. If tax is mentioned and a rate is given, plan to deal with it; otherwise you're good. That should make this straightforward: no mention of tax in the problem = no tax in your calculation.