Question
Riley and Gretchen run a shuttle service from Times Square to New Yorks JFK airport. Last month, they recorded the following: Revenues [30 trips @80
Riley and Gretchen run a shuttle service from Times Square to New Yorks JFK airport. Last month, they recorded the following:
| Revenues [30 trips @80 per trip] | $ | 2400 |
| Fuel Charge [30 trips @$30 per trip] | 900 | |
| Banking Expenses | 20 | |
| Insurance Expense | 70 | |
| Van Depreciation | 250 | |
If 25% of their net income is paid to the government in taxes, what is their net income after taxes?
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Forensic And Investigative Accounting
Authors: Professor D. Larry Crumbley, Lester E. Heitger, G. Stevenson Smith
8th Edition
0808046241, 9780808046240
