A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is
Question:
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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To calculate the aftertax income we need to apply the tax rate to th...View the full answer
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Related Book For 
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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