The Following Cost Data Pertain to the Operations of Quinonez

question 187

Multiple Choice

The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September.
The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores.
-What is the total amount of the costs listed above that are NOT direct costs of the Northridge Store?

• A) $152,000
• B) $33,000
• C) $45,000
• D) $77,000

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Definitions:

Average Tax Rate

Total amount of tax paid divided by total income.

Total Taxes

The aggregate amount of taxes collected by a government from individuals and businesses.

Taxable Income

The portion of an individual or entity's income that is subject to taxation, after deductions and exemptions, according to the law.

Deductions

Expenses or specific amounts that can be subtracted from one's gross income to reduce the taxable income.