Use the Following Information for Questions

question 11

Multiple Choice

Use the following information for questions.
At the beginning of 2010; Elephant, Inc.had a deferred tax asset of $4,000 and a deferred tax liability of $6,000.Pre-tax accounting income for 2010 was $300,000 and the enacted tax rate is 40%.The following items are included in Elephant's pre-tax income:

-What is Elephant, Inc.'s taxable income for 2010?

• A)$300,000
• B)$252,000
• C)$348,000
• D)$452,000

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HRIS System

Human Resource Information System; a software or online solution that manages the data and processes of an organization's human resources department.

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The process of reducing an organization's workforce to improve efficiency, reduce costs, or restructure business operations.

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