Compute the income tax expense due

Assignment Help Accounting Basics
Reference no: EM133093676

Question - Compute the Income Tax Expense Due.

Revenues=$150,000, Total Assets=$60,000, Total Liabilities=$40,000.

Expenses=$55,000, Income Tax Rate =40%.

Show your Answer as a Number only, NO commas, decimals or dollar signs.

Reference no: EM133093676

Questions Cloud

Difference between technical and fundamental analysis : Explain the difference between technical and fundamental analysis using specific examples. Which type of analysis would be better suited to your strengths
Relationship between the united states and canada : In what ways has Brexit impacted the relationship between the United States and Canada in their bilateral relationship? Has oil been affected by this?
Contemporary thinkers in field of behavior : A number of contemporary thinkers in the field of behavior analysis contend that behavior analysis should be considered its own discipline,
What are the details of the product you will be selling : Choose one product you would like to market online now during a COVID period. This assignment is worth 40 points and it dependent on the following:
Compute the income tax expense due : Compute the Income Tax Expense Due - Revenues=$150,000, Total Assets=$60,000, Total Liabilities=$40,000
Urbanization of himalayas : What types of careers opportunities relate to urbanization of Himalayas?
What will the company contribution margin be : Cullumber will sell 11,000 batches of chocolate chip cookies, 7,000 batches of sugar cookies, What will the company contribution margin be
Explain what cloud storage : Explain what Cloud storage is, how it works, and what challenges and remedies are presented when attempting to acquire data from the Cloud.
Situational leadership approach : In the HP case, one employee stated in 1995 that, "There's no feeling of hierarchy here; everyone can talk like colleagues and not feel threatened.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd