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Sveta_85 [38]
3 years ago
13

Schluster hardware, inc., had a gross profit of $380,000, operating expenses of $210,000, and income taxes of $48,000. what is s

chluster's net income after taxes?
Business
2 answers:
DENIUS [597]3 years ago
6 0

$122,000 is Shulster's net income

To find the net income, subtract expenses and taxes from the gross income.

380,000 - 210,000 - 48,000 = 122,000

NISA [10]3 years ago
4 0

Answer:

$122,000

Explanation:

Gross profit is the difference between the revenue and cost of sales.

The gross profit less the operating expenses gives operating profits while a further deduction of the income taxes gives the net income after tax.

Going by the analysis above,

gross profit = $380,000, operating expenses = $210,000, and income taxes = $48,000

net income after tax = $380,000 - $210,000 - $48,000

= $122,000

Schluster's net income after taxes is $122,000

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