Pet Palace had a net income before taxes of 1,615,200. First find ...

[mia]

Pet Palace had a net income before taxes of 1,615,200. First find the tax liability using the Corporate Tax Rate Schedule, Exhibit 18-6 from your text, then calculate the net income after taxes.
 A) 1,002,022
  B) 1,508,330
  C) 1,066,032
  D) 1,255,899

Question 2

The amount added to the cost of an item to cover operating expenses and profit is sometimes called margin.
  Indicate whether the statement is true or false

[Eazy416]

Answer to Question 1

C

Answer to Question 2

TRUE

[mia]

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[tandmlomax84]

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