Portia's Salon is contemplating an increase in their rental space that will result in a before-tax rent increase of $1000 per month.If their tax rate is 30 per cent,what is the after-tax monthly increase in rent cost?

Question

Quizplus · Accepted Answer

If the before-tax rent increase is $1000, then the after-tax rent increase would be $1000 - ($1000 x 0.3) = $700. Therefore, the answer is B.

Portia's Salon Is Contemplating an Increase in Their Rental Space