BeSafe Company produces personal protective equipment in Atlanta, GA. They have the following revenue and expenses: Revenue $575,000 Advertising $ 12,000 Compensation $250,000 Rent $ 36,000 Utilities $ 24,000 Depreciation $ 50,000 Travel $ 2,000 Entertainment $ 2,500 Fines $ 500 Premiums on life insurance for key officers $ 8,000 Bribes $ 1,000 BeSafe has substantiation for only 55% of the travel. What is BeSafe Company's taxable income?

Answer rating: 100% (QA)

Solution To calculate BeSafe Companys taxable income we need to subtract the deductions fro... View the full answer