Question
WHA WOULD BE THE TAX ON LINE 25 OF FORM 1120S IF THE FOLLOWING NUMBERS USED 8100 GROSS SALES 111,388 LINE 1C 111388 LINE 2
WHA WOULD BE THE TAX ON LINE 25 OF FORM 1120S IF THE FOLLOWING NUMBERS USED
8100
GROSS SALES 111,388
LINE 1C 111388
LINE 2 COST OF GOODS SOLD 12688
GROSS PROFIT 98700
TOTAL INC (LOSS) 8100
TAXES + LIC 6151
DEPREC 1792
OTHER DED 4748
TOTAL DED 87351
DED BUS INC(LOSS) 11359
*NO ENTRIES ON 22a 23b
*WHAT IS THE TX OWED ON LINE 25 OF THE 1120S FORM
- 1135 2. 2383 3. 0 4. 1362
TIA
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College Accounting Ch 1-14
Authors: John Wild, Vernon Richardson, Ken Shaw
1st Edition
0073346896, 9780073346892
