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Windsor, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $222000 loss in the year of disposal. The

Windsor, Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $222000 loss in the year of disposal. The loss on disposal of the segment was $122000. If the tax rate is 32%, and income before income taxes was $1622000 then:



net income is $1278000.


the losses from discontinued operations are reported net of income taxes at $344000.


the income tax expense on the income before discontinued operations is $454080.


the income from continuing operations is $1102960.

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