Last year,a firm had taxable cash receipts of $800,000,and the tax rate was 30%.What was the after-tax net cash inflow from these receipts?

Question

Quizplus · Accepted Answer

The after-tax net cash inflow is calculated by subtracting the tax amount from the total taxable cash receipts. The tax amount is $800,000 * 30% = $240,000. Therefore, the after-tax net cash inflow is $800,000 - $240,000 = $560,000.

Last Year,a Firm Had Taxable Cash Receipts of $800,000,and the Tax