Target Net Income Is Computed by Multiplying Operating Income by One

question 106

True/False

Target net income is computed by multiplying operating income by one minus the entity's tax rate, or by multiplying operating income by the tax rate, and subtracting that amount from operating income.

---

Definitions:

Engineering Students

Individuals actively engaged in learning the principles and applications of engineering, which often involves studying mathematics, science, and technology.

Nonengineering Students

Individuals enrolled in educational programs that do not focus on the study or practice of engineering.

Attitude Predicts Behavior

The theory that an individual's attitudes, feelings, and beliefs about an object or event can influence how they will behave toward it.

Personal Relevance

The degree to which something is pertinent or significantly related to an individual's life or interests.