work. The Quiz is open book, open note, but must Question 16 1 pts Your firm has the following income statement items: sales of $50,250,000: income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm s income before tax? o $25,115,000 O $10,865,000 O $750,000 O $4,360,000 Previous Next be your own individual work. The Quiz is open book, open note, but must IN D Question 20 1 pts The Herrara Co., had $273,000 in taxable income. Compute the company s income taxes. Use the corporate tax table on Chapter 2 Slide 31 to get the answer. What is the marginal tax rate? O 38% O 39% O 34% O 25% O 15% Previous