Explanation:
Job Outlook
Employment of marriage and family therapists is projected to grow 22 percent from 2019 to 2029, much faster than the average for all occupations. Growth is expected due to an increasing use of teams for treatment, in which these therapists work with other counselors to address patients' needs.
Answer:
tax shield year 2 95,200
Explanation:
The tax shield will be the depreciation expense times tax rate
<u>Our first step is to calculate the depreciation expense:</u>
The equipment is worth 1.4 million and has a 5-years useful life
It is being depreciate on straight-line
depreciation per year
equipment / useful life
1.4 million / 5 = 0.28 = 280,000
<u>Now we apply the tax rate of 34%</u>
280,000 x 34% = 95,200
This will be the tax shield on Year 2
