Question: Question 4 ( 1 . 5 points ) A company has a pre - tax financial income o f $ 4 5 , 0 0

Question 4(1.5 points)
A company has a pre-tax financial income of $45,000. This includes, Interest income
on municipal bonds of $5,000; bad debt expense of $2,000 and insurance premium
paid on life insurance policy for CEO of $6,000. Determine the Financial Income
subject to tax.
$34,000
$42,000
$48,000
$46,000
Question 4 ( 1 . 5 points ) A company has a pre -

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