The King Voyager and Queen Spirit will together increase total annual port charges for United Cruises from $1.45 million to $1.98 million. The port charges can be claimed as a tax deduction. All operating expenses are tax deductible in the year the expense is incurred and the tax rate is 30%. How do you calculate this?

Answer rating: 100% (QA)

Tax is charged at a specific tax rate set by the gove... View the full answer