In its first year of operations acme corp had income before, Ask an Expert

Management Studies

In its first year of operations Acme Corp had income before tax of $400,000. Acme made income tax payments totalling $150,000 during the year as well as has an income tax rate of 40%. What would be the balance in income tax payable at the end of the year?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9373930

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