You are the accountant for a corporation whose net income before ...

[jasdeep_brar]

You are the accountant for a corporation whose net income before taxes was 13,741,400. Find the tax liability using the Corporate Tax Rate Schedule, Exhibit 18-6 from your text.
 A) 4,672,076
  B) 4,709,490
  C) 5,388,219
  D) 6,941,677

Question 2

The basic retailing equation states that the cost of an item is equal to the selling price plus the markup.
  Indicate whether the statement is true or false

[alvinum]

Answer to Question 1

B

Answer to Question 2

FALSE

[jasdeep_brar]

YES! Correct, THANKS for helping me on my review

[bblaney]

Thanks for the timely response, appreciate it