Betta Group's Net Income Is $400,000 and Its Tax Rate

question 72

Multiple Choice

Betta Group's net income is $400,000 and its tax rate is 25%. Assuming no book-tax differences, what is Betta's taxes payable? (Round your answer to the nearest whole dollar.)

• A) $100,000
• B) $133,333
• C) $1,600,000
• D) $533,333

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