Title :
Income Taxes and the Engineering Decision
Author :
Michaelson, William G.
Author_Institution :
Public Service Electric and Gas Company
Abstract :
Federal Income Tax (FIT) is one component of the total costs to be evaluated in an engineering decision. The revenue requirement for this component is described in a generalized equation. An engineer´s selection of certain plant characteristics, such as average life, retirement dispersion, and net salvage, can reduce the revenue requirement for Federal Income Taxes. Also discussed are the many decisions beyond the engineer´s control which affect Federal Income Taxes.
Keywords :
Cost function; Equations; Eyes; Finance; Government; Power engineering and energy; Power generation economics; Power systems; Retirement; Systems engineering and theory;
Journal_Title :
Power Apparatus and Systems, IEEE Transactions on
DOI :
10.1109/TPAS.1967.291900
