Knowledge expansion:
Net profit refers to the amount after deducting income tax from the total profit of the enterprise in the current period, that is, the after-tax profit of the enterprise. Income tax refers to the tax that enterprises calculate and pay to the state according to the standards stipulated in the income tax law.
It is the deduction of the total profit of the enterprise, and refers to the retained profit after the enterprise pays the income tax according to the regulations, which is also commonly known as the after-tax profit or net income. The amount of net profit depends on two factors, one is the total profit, and the other is the income tax expense.
The calculation formula of net profit is: net profit = total profit-income tax expense net profit is the final result of enterprise operation, and the more net profit, the better the operating benefit of the enterprise; If the net profit is small, the operating efficiency of the enterprise will be poor, which is the main index to measure the operating efficiency of the enterprise.
Income tax is divided into current income tax expenses and deferred income tax expenses, but we often understand that only current income tax expenses are deferred income tax expenses, and only under the strict financial accounting system of large and medium-sized enterprises or listed companies can they be accounted in strict accordance with accounting standards, so the following focuses on the calculation of current income tax (the income taxes mentioned below are all current income taxes).
The income tax rate of enterprises is legal, and the higher the income tax rate, the less the net profit.
There are two income tax rates in China. One is the income tax rate of 25% for ordinary enterprises, that is, 25% of the total profits should be turned over to the state finance as tax. The other is the preferential tax rate for some high-tech enterprises, and the income tax rate is 15%. When the operating conditions of enterprises are equivalent, the enterprises with lower income tax rate have better operating benefits.
For example, if a computer store has an annual revenue of 40 million yuan and a total of 20,000 computers, the average purchase price of each computer is 1.500 yuan, the annual salary of employees is 1.00 million yuan, the expenses such as house rent% are 4 million yuan, and the total rate of business tax surcharge is 3%, then this computer store has only one year.
Total cost = total computer purchase price+employee salary+house rental fee = 2x1500+100+400 = 35 million (ten thousand yuan)
Business tax and additional Q= turnover x business tax rate =4000x3%= 120 (ten thousand yuan)
Then the total profit of this computer store is: operating income-operating cost-business tax and surcharge =4000-3500- 120=380 (ten thousand yuan) when the income tax rate is 25%.