Author Question: Sweet 'N Cream Me Corporation had a net income before taxes of 2,058,600. Calculate the net income ... (Read 135 times)

FButt · **on:** Jun 24, 2018

Sweet 'N Cream Me Corporation had a net income before taxes of 2,058,600. Calculate the net income after taxes. Note: First find the tax liability using the Corporate Tax Rate Schedule, Exhibit 18-6 from your text.
A) 818,476
B) 1,358,676
C) 556,224
D) 763,600

Question 2

To manufacture a certain cabinet, it costs 202.48. If the desired percent markup based on cost is 15, how much should each desk sell for? (Round to the nearest cent)
A) 333.75
B) 232.85
C) 217.48
D) 168.75