Riley and Gretchen run a shuttle service from Times Square to New York's JFK airport. Last month, they recorded the following: Revenues [30 trips @80 per trip] Fuel Charge [30 trips @$30 per trip] Banking Expenses Insurance Expense Van Depreciation $ 2400 900 20 70 250 If 25% of their net income is paid to the government in taxes, what is their net income after taxes?
Riley and Gretchen run a shuttle service from Times Square to New York's JFK airport. Last month, they recorded the following: Revenues [30 trips @80 per trip] Fuel Charge [30 trips @$30 per trip] Banking Expenses Insurance Expense Van Depreciation $ 2400 900 20 70 250 If 25% of their net income is paid to the government in taxes, what is their net income after taxes?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ma3.
Dr
![Riley and Gretchen run a shuttle service from
Times Square to New York's JFK airport. Last
month, they recorded the following:
Revenues [30 trips @80 per trip]
Fuel Charge [30 trips @$30 per trip]
Banking Expenses
Insurance Expense
Van Depreciation
$ 2400
900
20
70
250
If 25% of their net income is paid to the
government in taxes, what is their net income
after taxes?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fda83e277-61db-4e7f-a947-a5328cbf1be4%2F26ec913f-0e2c-4d2e-b03d-548bf1824514%2Fos5jkds_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Riley and Gretchen run a shuttle service from
Times Square to New York's JFK airport. Last
month, they recorded the following:
Revenues [30 trips @80 per trip]
Fuel Charge [30 trips @$30 per trip]
Banking Expenses
Insurance Expense
Van Depreciation
$ 2400
900
20
70
250
If 25% of their net income is paid to the
government in taxes, what is their net income
after taxes?
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