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3 years ago

6

The Seminole corporation has income before tax of $150,000.00 and taxable income of $65,000.00. The income tax rate is 35 percen

t. The journal entry includes a debit to income tax expense for what amount?

2 answers:

icang [17]3 years ago

6 0

Answer:

$29,750

Step-by-step explanation:

We have been given the income before tax: $150,000

And taxable income: $65,000

So, the income tax would be : $150,000-$65,000=$85000

So, 35% of $85000 is $85000\cdot \frac{35}{100}$

On simplification we get: $29,750

Hence, the income tax expense will be $29,750

cluponka [151]3 years ago

6 0

Financial Operations of Corporations

1. $17,000.00

2. $52,500.00

3. return on equity ratio

4. $2.37

5. no journal entry is required

6. $1,000.00

7. depreciation

8. retained earnings

9. $25,000.00

10. income tax payable

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Step-by-step explanation:

we know that

The equation of the circle in standard form is equal to

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The formula to calculate the distance between two points is equal to

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$(x+3)^{2} +(y-4)^{2}=(\sqrt{13}){2}$

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we know that

If a ordered pair is on the circle, then the ordered pair must satisfy the equation of the circle

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$169=13$ -----> is not true

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Part 2) given the center of the circle (1,3) and a point on the circle (2,6), (11,5) is on the circle.

true or false

substitute the center of the circle in the equation in standard form

$(x-1)^{2} +(y-3)^{2}=r^{2}$

Find the distance (radius) between the center (1,3) and (2,6)

substitute in the formula of distance

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The equation of the circle is equal to

$(x-1)^{2} +(y-3)^{2}=(\sqrt{10}){2}$

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If a ordered pair is on the circle, then the ordered pair must satisfy the equation of the circle

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