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Amens corporation recorded $44,000 sales in 2019 fiscal year. His cost of goods sold, operational expense, interest expense, and depreciation expense for the period were
Amens corporation recorded $44,000 sales in 2019 fiscal year. His cost of goods sold, operational expense, interest expense, and depreciation expense for the period were $10,000, $4,000, $3,000, $1,000 respectively. Half of his firms net income is retained in his business for expansion. what is Amens tax liability if his personal income tax is 10% and his corporate tax is 35%?
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