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Calculate the income tax and the net income after tax from the above income statement Can you also find the tax rate its not given
Calculate the income tax and the net income after tax from the above income statement
Can you also find the tax rate its not given with the income statement
F H 1 2. B CafeX Coffee Club Pro form Income Statement March 2020 - March 2021 120,000 ####### 142,036.85 5 Revenue 6 Sales revenue T COGS Gross Margin 9 Operating Expense 11 Staff Wages Advertising 13 13 Licenese fees 15 Facility rent Insurance 17 Facilities Rent Deposit Licence fee Shopify 20 Insurance Liability 21. HR Recruiter 22 Contingency Plan 23 Payroll 24 Lawyer 25 Facility rent deposit 26 Total Expense $4,500 $200 $1,640 $600 $100 $200 900 $23.55/hr $3,000 $26.57/hr $3,500 $100 $24,32133 ###### $117,715 52 $ 28 Net Income Before Taxes 23 Less: Income Taxes 30 Wet income After Takes 61 $ 52 Sheet1Step by Step Solution
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