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whats the question here
This is an example of Tying rewards and incentives directly to the achievement of strategic and financial targets.
By doing this, general Electric aimed to create an objective measurement for all of its emloyees that motivate them to keep increasing their performance if they hope to stay as an employee in that company. Through this method, Jack Welch managed to increase the company's value for around 4000% during 20 years of his reign.
Answer:
b. $233,100 tax expense
Explanation:
The computation of the current income tax expense or benefit is shown below:
But before that first we have to need to find out the taxable income i.e
= Pretak book income + increase in net reserve warranties + exceeded amount - dividend deduction
= $1,000,000 + $25,000 + $100,000 - $15,000
= $1,110,000
Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%
So,
= $1,110,000 ×21%
= $233,100
By multiplying the taxable income with the tax rate we can get the income tax expense
