-Browning Cookware,Inc.has the following income statement items: sales of $50,250,000;operating expenses of $10,115,000;cost of goods sold of $35,025,000;and interest expense of $750,000.If the firm's income tax rate is 34%,what is the amount of the firm's income tax liability?
A)$1,665,000
B)$725,000
C)$385,000
D)$1,482,400

Question

-Browning Cookware,Inc.has the following income statement items: sales of $50,250,000;operating expenses of $10,115,000;cost of goods sold of $35,025,000;and interest expense of $750,000.If the firm's income tax rate is 34%,what is the amount of the firm's income tax liability?
A)$1,665,000 
B)$725,000 
C)$385,000 
D)$1,482,400

Quizplus · Accepted Answer

The Answer of 
-Browning Cookware,Inc.has the following income statement items: sales of $50,250,000;operating expenses of $10,115,000;cost of goods sold of $35,025,000;and interest expense of $750,000.If the firm's income tax rate is 34%,what is the amount of the firm's income tax liability?
A)$1,665,000 
B)$725,000 
C)$385,000 
D)$1,482,400