Author Question: The Morris Corporation had net income before taxes of 7,635,000. Using Exhibit 18-6 from your text, ... (Read 60 times)

Pineapplelove6 · **on:** Jun 24, 2018

The Morris Corporation had net income before taxes of 7,635,000. Using Exhibit 18-6 from your text, calculate the amount of income tax due.

Question 2

In October, a hardware store purchased snow shovels for 8 each. The original markup was 50 based on the selling price. In December, the store had a sale and marked down the shovels by 20. By January 1, the sale was over and the shovels were marked up 15. In March, the store held a clearance sale of all winter tools by having a final markdown of 60. What was the final selling price of the shovels? (Round to the nearest cent)