Question #1

Question #2

Please answer both questions as the questions I posted last time were incorrectly solved. Please also show work on how you solved them. Thanks!

Raymonds's sales for the year were $1,678,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $1,141,000,$304,000, and $143,000, respectively. In addition, the company had an interest expense of $74,000 and a tax rate of 21 percent. What is the operating cash flow for the year? Multiple Choice $227,560 $271,420 $229,640 $285,400 $217,700 Duela Dent is single and had $180,000 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate? Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16. TABLE 2.3 Personal tax rates for 2021 (Unmarried Individuals)