The Bubba Corp

question 115

Multiple Choice

The Bubba Corp.had net income before taxes of $200,000 and sales of $2,000,000.If it is in the 50% tax bracket its after tax profit margin is:

• A) 5%
• B) 12%
• C) 20%
• D) 25%

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Definitions:

1933 Act

Officially known as the Securities Act of 1933, it's a U.S. law enacted to ensure transparency in financial statements so investors can make informed decisions about securities.

1934 Act

The Securities Exchange Act of 1934, a U.S. federal law that regulates the secondary trading of securities (stocks, bonds, and debentures) in the United States, established to increase transparency and reduce fraud.

1934 Act

Refers to the Securities Exchange Act of 1934, which regulates the trading of securities such as stocks and bonds in the U.S. and established the Securities and Exchange Commission.

Issuer

An entity that develops, registers, and sells securities to finance its operations, which can be corporations, governments, or municipal bodies.