Kimmonsmith Kimmonsmith
  • 21-11-2016
  • Mathematics
contestada

Mel Company has a net income, before taxes, of $95,000. The treasurer of the company estimates 45 percent of net income will have to be paid for federal and state taxes. The tax for both federal and state is: ...?

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Edufirst
Edufirst Edufirst
  • 05-12-2016
Net income before taxes $95,000

Tax for federal and state: 45% * $ 95,000 = 42,750

 
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