The Morris Corporation had net income before taxes of 7,635,000. ...

[Pineapplelove6]

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)

[vish98]

Answer to Question 1

2,595,900

Answer to Question 2

5.89

[Pineapplelove6]

Great answer, keep it coming

[matt95]

Thanks for the timely response, appreciate it