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Southeast Airlines had pretax earnings of $60 million. Included in this amount is income from discontinued operations of $10 million. The company's tax rate
Southeast Airlines had pretax earnings of $60 million. Included in this amount is income from discontinued operations of $10 million. The company's tax rate is 25%. What is the amount of income tax expense that Southeast would report in its income statement for continuing operations? (Enter your answer in millions rounded to 2 decimal place (i.e., i.e., 5,500,000 should be entered as 5.50). Amount to be deducted should be indicated with a minus sign.) Income from continuing operations before tax Income tax expense Income from continuing operations $ 0.00 Income from discontinued operations Net income $ 0.00
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