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Sav [38]
3 years ago
6

Thornton, Inc., had taxable income of $128,267 for the year. The company's marginal tax rate was 35 percent and its average tax

rate was 24 percent. How much did the company have to pay in taxes for the year?
Business
1 answer:
valentinak56 [21]3 years ago
8 0

Answer:

$30784.08

Explanation:

Taxable income can be refer to as the amount of income used to calculate how much tax an  organisation owes to the government in a particular tax year.

Thornton Inc. had taxable income of $128,267 for the year

The company's marginal tax rate is 35 percent

The company's average tax rate is 24 percent

To know how much did the company have to pay in taxes for the year, we multiply the Taxable income by the Company Average tax rate for the year.

=$128,267 * 24%

=$128,267 * 0.24

=$30784.08

Thornton Inc will pay $30784.08 for the year.

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The degree of pretax cash flow operating leverage at Rackit Corporation is 2.7 when it sells 100,000 units of its new tennis rac
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Answer:

the fixed costs for Rackit Corporation is $161,500.

Explanation:

Cash Flow DOL = 1 + Fixed Cost / EBITDA

2.7 = 1 + Fixed Cost / 95,000

1.7 = Fixed Cost / 95,000

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Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?a. During an eco
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Statements "A" is true.

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Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C
zavuch27 [327]

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

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3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

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Which of the following represents the three general categories into which the key components of effective teams are grouped?A) i
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Answer: The statement "D) context, composition, and process factors" represents the three general categories into which the key components of effective teams are grouped.

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