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Magyar Bancorp Tax Rate %

: 29.85% (As of Dec. 2020)
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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Magyar Bancorp's Tax Expense for the three months ended in Dec. 2020 was $0.57 Mil. Magyar Bancorp's Pre-Tax Income for the three months ended in Dec. 2020 was $1.91 Mil. Therefore, Magyar Bancorp's Tax Rate % for the quarter that ended in Dec. 2020 was 29.85%.


Magyar Bancorp Tax Rate % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Magyar Bancorp Annual Data
Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.83 41.13 42.02 29.69 29.60

Magyar Bancorp Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Tax Rate % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.09 28.40 29.60 29.78 29.85

Magyar Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Magyar Bancorp's Tax Rate % for the fiscal year that ended in Sep. 2020 is calculated as

Tax Rate %=Tax Expense (A: Sep. 2020 )/Pre-Tax Income (A: Sep. 2020 )
=0.921/3.111
=29.60 %

Magyar Bancorp's Tax Rate % for the quarter that ended in Dec. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2020 )/Pre-Tax Income (Q: Dec. 2020 )
=0.569/1.906
=29.85 %

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


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