The Fitness Studio, Inc.'s, 2021 income statement lists the following income and expenses: EBITDA $662,000, EBIT $535,000, interest expense = $70,000, and net income = $441,000. Calculate the 2021 taxes reported on the income statement. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Taxes

The Fitness Studio, Inc.'s, 2021 income statement lists the following income and expenses: EBITDA $662,000, EBIT $535,000, interest expense = $70,000, and net income = $441,000. Calculate the 2021 taxes reported on the income statement. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Taxes

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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