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zubka84 [21]
3 years ago
12

Sparty Corporation has provided the following information for its most recent year of operation:

Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

E. $40,600

Explanation:

Calculation for the amount of net income reported on Sparty's income statement

Revenue $97,000

Less: Operating Expenses $39,000

Profit Before Tax $58,000

(97,000-39,000)

Less Taxes $17,400

Net Income $40,600

($58,000-$17,400)

Therefore the amount of net income reported on Sparty's income statement will be $40,600

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A recession is a period of significant, widespread declines in:
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Answer:

Letter B. real income and employment.

Explanation:

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Why is 10 cents earned far more valuable than a dollar found. Critical thinking.
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2 years ago
Campbell a single taxpayer, has $400,000 of profits from her general store that she operates as a sole proprietorship. She has $
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Answer:

A) $80,000

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According to the Internal Revenue Service (IRS), the deduction would be claim as a lower value of 20% qualified business income plus 20% of real investment or 20% of taxable income less net capital gains

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