Purrfect Pets had income before income tax of $164,000 last quarter and a 34% ta

Question

Purrfect Pets had income before income tax of $164,000 last quarter and a 34% tax rate. Its net income should be reported as: Answer $55,760. $108,240. $219,760. $482,353. Purrfect Pets had income before income tax of $164,000 last quarter and a 34% tax rate. Its net income should be reported as: Purrfect Pets had income before income tax of $164,000 last quarter and a 34% tax rate. Its net income should be reported as: $55,760. $108,240. $219,760. $482,353. $55,760. $108,240. $219,760. $482,353.

Explanation / Answer

164,000*.34 = 55760

164,000 - 55760 = 108240

you subtract taxes

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