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pishuonlain [190]

3 years ago

12

This year, Jennifer company paid 4000 hundred thousand in wages and 850,000 for overhead expenses and 75,000 for advertising it

made a profit of 23,000. On which amount will Jennifer need to pay federal business taxes?
A. Advertising
B. Profit
C. Overhead
D. Wages

1 answer:

Maru [420]3 years ago

5 0

Wages probably but unsure

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What is the consumer credit act

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Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500

sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

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Sales $ 48,500 * 120%....................58,200

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Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................<u>41,400</u>

Taxable income $ 14,000...............<u>16,800</u>

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................<u>10,920</u>

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Answer:

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Q2

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