A Company Earns $390,000 in Pre-Tax Income,while Its Tax Return

question 9

Essay

A company earns $390,000 in pre-tax income,while its tax return shows taxable income of $280,000.At a tax rate of 35%,how much is the income tax expense under the taxes payable method permitted under ASPE?

Grasp the role of blogs and microblogs in sales, marketing, and market research.

Learn the functionalities of microblogs in live events and the value of content curation.

Understand the importance of community management and crafting effective business communications in the blogging and microblogging context.

Understand the business uses and non-uses of microblogging.

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Definitions:

Range

The difference between the highest and lowest values in a data set, showing the spread or dispersion of the data points.

Subtract

To subtract means to take away one quantity from another, resulting in the difference between the two values.

Highest Score

Represents the largest value or most significant achievement within a set of numerical data or performance metrics.

Lowest Score

Refers to the smallest value or number in a data set.