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Assume a graduated tax rate of 20% on income from 0-100,000 and 30% on income from 100,000-500,000.If a company has income from continuing operations of
Assume a graduated tax rate of 20% on income from 0-100,000 and 30% on income from 100,000-500,000.If a company has income from continuing operations of $90,000 and a discontinued gain before tax of $30,000 how much tax will be netted against the discontinued gain on the income statement?
c. 8,000.
how to get 8000???
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