Asked by Jason
The ABC Corp. had net income before taxes of $400,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is:
A. 5%
B. 10%
C. 20%
D. 25%
400,000 take away 50% for taxes leaves 200,000.
200,000 after-taxes divided 2,000,000 total sales = 10%
B 10% FINAL ANSWER
A. 5%
B. 10%
C. 20%
D. 25%
400,000 take away 50% for taxes leaves 200,000.
200,000 after-taxes divided 2,000,000 total sales = 10%
B 10% FINAL ANSWER