Triumph Trading Company Provided the Following Information to Its Auditors

question 78

Multiple Choice

Triumph Trading Company provided the following information to its auditors. For the year ended March 31, 2008, the company had revenues of $1,122,878, operating expenses (excluding depreciation and leasing expenses) of $612,663, depreciation expenses of $231,415, leasing expenses of $126,193, and interest expenses equal to $87,125. If the company's tax rate was average 34 percent, what is its net income after taxes?

• A) $43,218
• B) $65,482
• C) $152,607
• D) none of the above

---

Definitions:

Monetary Based

Relating to, involving, or existing in the form of money.

Merit Pay

A compensation strategy that involves giving pay increases or bonuses to employees based on their performance achievements.

Employee Benefits

Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose the benefits that best meet their personal needs or circumstances.