If the Tax Rate Is 30%, Interest Expense Is $15,000

question 28

Multiple Choice

If the tax rate is 30%, interest expense is $15,000 and operating profit is $82,000, what is the profit for the year?

• A)$63,000.
• B)$44,100.
• C)$46,900
• D)None of the above.

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Definitions:

Testes

The male reproductive glands responsible for producing sperm and male sex hormones, particularly testosterone.

Scrotum

The sac of skin housing the testicles, regulating their temperature for sperm production.

Spermatic Cord

A bundle of fibers and tissues in males that includes the vas deferens, blood vessels, nerves, and lymphatics, extending from the abdomen to the testicle.

Ejaculatory Duct

A tube through which semen enters the urethra during ejaculation, formed by the fusion of the vas deferens and the seminal vesicle.