LO 3.2A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the company’s after-tax income?
$300,000
$240,000
$48,000
$72,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “LO 3.2A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the company’s after-tax income? $300,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the economy. what is meant by a more equitable distribution of income?
Answers (1)
Why should an auditor make decisions in the public interest rather than in the interest of management or current shareholders?
Answers (1)
The cost of an asset is 1,100.000 ands its residual value is 140,000 estimated useful life of the asset is eight years. Calculate the depreciation for the second year using double declining balance method of depreciation. A) $266,400. B) $324,000.
Answers (1)
At December 31, 2019, before any year-end adjustments, Karr Company's Insurance Expense account had a balance of $1,450 and its Prepaid Insurance account had a balance of $3,800. It was determined that $2,000 of the Prepaid Insurance had expired.
Answers (1)
Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area A 3,500 Area B 4,750 Area C 4,250 Unit sales price $20 The number of
Answers (1)
New Questions in Business
How can a "researcher acting as an instrument" in a qualitative study best ensure the trustworthiness of the data analysis and the conclusions?
Answers (2)
Which of these sentences is always true for for a parallelogram?
Answers (1)
There is no exact formula an employee should use to determine the number of deductions to take. True or False
Answers (1)
The most important consideration when selecting a site for a convention is that the convention hall is A. well-known. B. centrally located. C. inexpensive. D. small
Answers (1)
Why is production such an important business activity? in what ways does it create value for the company and its customers?
Answers (1)