Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how to find federal income tax Total operating expenses 3305.958.00 Operating income 1139,546,30 OTHER INCOME - Miscellaneous income 25.00 Other income mucenous income OTHER EXPENSE
how to find federal income tax
Total operating expenses 3305.958.00 Operating income 1139,546,30 OTHER INCOME - Miscellaneous income 25.00 Other income mucenous income OTHER EXPENSE interest expense 0.00 Other experieinterest expense INCOME BEFORE TAKES $140.371.50 FEDERAL INCOME TAXES Federal income taxes NET INCOME $140,371.50 RETAINED EARNINGS -Beg nning of year $90 26499 DIVIDENDS DECLARED Dividends dedared 5230,636.49 RETAINED EARNINGS End of year Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started