During 2010 silas inc. had sales revenue 564000 gross, Ask an Expert

Accounting

During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?

a. $27,000

b. $79,000

c. $169,200

d. $40,500

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407004

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