Beauregard Imports has pretax income of $75 000.If their tax rate is 35 per cent,what will be their after-tax income?

Name: Beauregard Imports has pretax income of $75 000.If their tax rate is 35 per cent,what will be their after-tax income?
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Question

Quizplus · Accepted Answer

To find the after-tax income, we need to multiply the pretax income by (100% - tax rate). 
$75 000 x (100% - 35%) = $75 000 x 65% = $48 750. Therefore, the after-tax income for Beauregard Imports is $48 750.

Beauregard Imports Has Pretax Income of $75 000