Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 3, Problem 9MC
A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the company’s after-tax income?
A. $300,000
B. $240,000
C. $48,000
D. $72,000
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Chapter 3 Solutions
Principles of Accounting Volume 2
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