FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Ma3.

Dr

Riley and Gretchen run a shuttle service from Times Square to New York's JFK airport. Last month, they recorded the following: Revenues [30 trips @80 per trip] Fuel Charge [30 trips @$30 per trip] Banking Expenses Insurance Expense Van Depreciation $ 2400 900 20 70 250 If 25% of their net income is paid to the government in taxes, what is their net income after taxes?
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Transcribed Image Text:Riley and Gretchen run a shuttle service from Times Square to New York's JFK airport. Last month, they recorded the following: Revenues [30 trips @80 per trip] Fuel Charge [30 trips @$30 per trip] Banking Expenses Insurance Expense Van Depreciation $ 2400 900 20 70 250 If 25% of their net income is paid to the government in taxes, what is their net income after taxes?
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