HomeMy WebLinkAbout04.Letter and First Estimated TaxEXHIBIT C-4
000973
A.Number of prepaid customers in the US:48,000,000
B.City Population:78,780
C.US Population:317,340,000
D.TracFone Market Share:30.00%
E.Average Phone Cost Per Month Per Customer $50.00
F.Months Per Year 12
G.Years of the Audit 6.416666667
Estimate Method:(A)x(B/C)xDxExFxG
Total:$13,763,040.27
Times tax Rate 6%:$825,782.42
Times 2.5 for Penalties, Interest
and possible additional business activities:$2,064,456.04 ESTIMATED TAX DUE
Audit From: 1/1/7-5/31/13; 6.412 months
References for Estimate Values Used Above:
1)http://www.jsonline.com/business/prepaid-phone-plans-becoming-more-popular-in-us-b99118638z1-227619271.html
48 Million prepaid accounts nationwide
2)http://www.reuters.com/article/2012/05/10/us-americamovil-idUSBRE8490UX20120510
TracFone's Market Share 30 percent
3)http://macteacher.hubpages.com/hub/Save-Money-On-Your-Bills-Stop-Signing-Cell-Phone-Contracts
Average Phone Cost Per Month Per Customer between $40 and $55.
TracFone Estimated Tax
RENTON
001009