Answer to Question #206935 in Accounting for alin

Question #206935

A company has a pre_tax operating income of $150,000 if the tax rate is 400% what is the company's after-tax income?

Expert's answer

Tax= $\frac {40}{100} ×150,000=60,000$

After Income Tax =150,000 $-$ 60,000=$90,000

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