Assume a firm increases its revenue by $10,000 while increasing its cost of goods sold by $8,500
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Assume a firm increases its revenue by $10,000 while increasing its cost of goods sold by $8,500 and increasing its administrative expenses by $800. all other items on the income statement stay the same. how much additional tax will the firm owe if its marginal tax rate is 21%?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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