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John's bikes has pricing options of: Bike Pack A: bike $1500 plus $80 membership per month for 1 year Bike: $2000 Membership: $100 per month
John's bikes has pricing options of: Bike Pack A: bike $1500 plus $80 membership per month for 1 year Bike: $2000 Membership: $100 per month for 1 year Cost of inventory per bike is $1000 Cost of member ship per member per month $2 On November 1st 2021 John sold 1000 basic packages, paid with cash and delivered immediately. Tax expense is calculated as 25% of income before tax. What is the tax income be at the end of 2021?
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