Example 2-- Double Tax Caused by Transfer Pricing Adjustment Adjustment Income
Tax Rate Tax Parent 70 40% 28 Subsidiary 50 30% 15 Totals 120 43
Excluding the adjustment income
would have been off 1.
5 cents to 26 cents; the establishment of leave without pay for up to 6 months for adoption, child care, elder care, and illness in the immediate family; retention of an employee's prior wage rate for I year when the employee is demoted due to a permanent disability; elimination of the waiting periods for employees to become eligible for sickness disability pay, provided they had not been absent due to sickness for 12 consecutive months immediately preceding the absence; continuation of the employee adjustment income
, termination pay, flexible reimbursement, and GTE savings plans; and the establishment of two joint labor-management committees, one to discuss ergonomic issues and the other, child care issues.
1 million of cost adjustment income
associated with the layoff of approximately 60 salaried associates during the fourth quarter of 2008, $0.
In the second quarter of 2006, it reported non-cash stock compensation, amortization and depreciation of $455,000 along with derivative instrument income and translation adjustment income
The following details the tax equivalent adjustments in the above table: Three Months Ended September 30, 2005 2004 Interest Tax Adjusted Interest Tax Adjusted Income Adjustment Income
Income Adjustment Income
(Dollars in thousands) Loans $11,749 $52 $11,801 $8,139 $- $8,139 Investments 3,722 374 4,096 3,372 95 3,467 Total $15,471 $426 $15,897 $11,511 $95 $11,606
5 Income from Income Before Income Tax ContinuingNet Pro Forma Adjustment Income
TaxesProvisionOperationsIncome (1)Acquisition and integration costs$28.