In an income statement, total Sales and revenue in $230,000 and total operating expenses is $80.000. If tax rate is 20%how much will the net income be? O a. $30,000 Ob $120,000 Oc. $248,000 Od. $150,.000 Next page

In an income statement, total Sales and revenue in $230,000 and total operating expenses is $80.000. If tax rate is 20%how much will the net income be? O a. $30,000 Ob $120,000 Oc. $248,000 Od. $150,.000 Next page

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 9MC: A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the companys...

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Question

In an income statement, total Sales and revenue in $230,000 and total operating expenses is $80,000. If tax rate is 20%how much will the
net income be?
O a. $30,000
Ob $120,000
Oc. $248,000
Od $150.000
Next page

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