ABC company has operating income of $100,000, interest expense of $10,000, and a corporate tax rate of 30%. What is ABC company's net income? Question 6 options: $27,000 $63,000 $90,000 $100,000

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A: The accounting for correction of errors will be explained:

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A: Meaning of Authorised capital  stock:Authorised stock refers to the maxinum number of preferred…

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A: Net revenue = Gross profit + Cost of goods sold = 511000+673400 = $1184400 Operating expense = Net…

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A: Errors in Accounting: Error is a mistake committed in book keeping.

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A: Net revenue = Gross profit + Cost of goods sold Operating expense = Net revenue x 15%

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.