4. Andre's Bakery has sales of $100,000 with costs of $50,000. Interest expense is $20,000 and depreciation is $10,000. The tax rate is 35 percent. What is the amount of tax paid? (hint: 7000)(hint: tax-taxable income tax rate and taxable income - EBT) 5. Andre's Bakery has sales of $100,000 with costs of $50,000. Interest expense is $20,000 and depreciation is $10,000. The tax rate is 35 percent. The company also paid $3,000 for dividend. What is the retained earning? (hint: retained earning - net income dividend)(hint: 10,000)

What is the net income?

1.    LaLa Land has sales of $687,000 with total other costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. What is the net income?

The Good Life Store has sales of $79,600. The cost of goods sold is $48,200 and the other costs are $18,700. Depreciation is $8,300 and is NOT included in other costs. The tax rate is 35 percent. What is the net income?

Acme Pest Control has sales of $13,500, cost of goods sold of $4,000, selling expenses of $3,500, depreciation of $2,000, interest expense of $2,000, and a tax rate of 34%. What is Acme's taxable income and tax expense?

K's Warehouse has a market value of $900,000. The property in K's is assessed at 45% of the market value. What is K's property tax? (The tax rate is $62.40 per $1,000 of assessed value.)

The tax savings from an expense item are $75,000 for a company that spends 25% of its income to taxes. How much does the item cost before tax? a. $250,000 b. $ 200,000 c. $150,000 d. $300,000

Please need help with this question

ACCT Co. had a 20 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? A. $54,000 B. $34,000 C. $36,000 D. $16,000 Sales revenue $ 1,000,000 Cost of goods sold 600,000 Selling expense 100,000 Administrative expense 10,000 Interest expense 20,000 Discontinued operations loss 100,000 Answer:

If you would have to pay $5,000 in taxes on $50,000 taxable income and $8,000 in taxes on $60,000 taxable income, then the marginal tax rate on the additional $10,000 of income is A.- 15 percent, and the average tax rate is 30 percent at the $60,000 income level. B.- 30 percent, and the average tax rate is about 13 percent at the $60,000 income level. C.- 30 percent, but average tax rates cannot be determined from the information given. D.- 30 percent, and the average tax rate is 20 percent at the $50,000 income level.