Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

A company had a tax deductible cash expenses of $650,000 last year, and the tax rate was 30%. What was the after tax net cash

A company had a tax deductible cash expenses of $650,000 last year, and the tax rate was 30%. What was the after tax net cash outflow for these expenses?

A.) 195,000

B.) 390,000

c.) 455,000

d.) 650,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Water Audits And Loss Control Programs

Authors: American Water Works Association

4th Edition

1625761007, 978-1625761002

More Books

Students explore these related Accounting questions

Question

11 of 40 Answered: 1 week ago

Answered: 3 weeks ago