Computing income taxes, Computing income taxes?-Sandersen

Computing income taxes

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Reference no: EM131831478

?(Computing income taxes?) Sandersen Inc. sells minicomputers. During the past? year, the? company's sales were $3.12 million. The cost of its merchandise sold came to ?$1.89 ?million, and cash operating expenses were ?$390000?; depreciation expense was ?$95000, and the firm paid ?$148000 in interest on its bank loans.? Also, the corporation paid ?$22000 in the form of dividends to its own common stockholders. Calculate the? corporation's tax liability by using the corporate tax rate structure

Reference no: EM131831478

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Computing income taxes : Computing income taxes?-Sandersen Inc. sells minicomputers. During the past? year, the? company's sales were $3.12 million.

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