If a company has an income tax rate of 40% and fixed costs of $105,000,and wishes to earn an after-tax profit of $150,000,what must its pre-tax income be?
A)$375,000
B)$425,000
C)$250,000
D)$175,000

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The Answer of If a company has an income tax rate of 40% and fixed costs of $105,000,and wishes to earn an after-tax profit of $150,000,what must its pre-tax income be?
A)$375,000
B)$425,000
C)$250,000
D)$175,000

If a Company Has an Income Tax Rate of 40