Logan provided consulting services and earned $150,000. His total expenses were 35%. What is his net income? a. $97,500 b. $150,000 c. $52,500 d. $185,000
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- Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000 answer thisJulius provided consulting services amounting to P420, 000. His total expenses were 25%. His net income is: A. P105,000 B. P300,000 C. P315,000 D. P120,000Last year Sherlock had an annual earned income of S58,475. He also had passive income of $1,255, and capital gains of $2,350. What was Sherlock's total gross income for the year? a. $58.475 b. 559.730 c. 560 985 d.562.080
- Kindly help me with accounting questionsFrom the information given below, find out the return on capital employed. Profit after interest and tax OMR 60,000 Profit after interest before tax OMR 80,000 Profit before interest and tax OMR 90,000 Capital employed OMR 200,000You are provided with the following amounts for Janet Mattera for the current year: • Net employment income = $6,600 • Business A: Gross income = $21,000 • Business B: Gross income = $118,000 • Business A: Expenses (for income tax purposes) = $32,000 • Business B: Expenses (for income tax purposes) = $28,000 • Interest income = $1,500 • Taxable amount of dividends = $2,640 Based on the above, the total amount reported pursuant to ITA paragraph 3(a) in the computation of Janet Mattera's net income is:
- You have calculated the adjusted profit for the company to be $2,000,000. Capital Allowance was $20,000. The tax rate is 25%. Estimated tax paid during the year is $750,000. Employment Tax Credit available (which is non-refundable) is $700,000. The tax refundable for this company is. a. $500,000 b. $1,100,000 c.$750,000 d. $200,000BhupatbhaiHi expert please give me answer general accounting