The BAT Corporation had 20B revenues of $110,000,expenses of $85,000,and an income tax rate of 20 percent.What would profit after taxes be?

Question

Quizplus · Accepted Answer

Profit before taxes = Revenues - Expenses
= $110,000 - $85,000
= $25,000

Profit after taxes = Profit before taxes - Tax
= $25,000 - ($25,000 * 0.20)
= $25,000 - $5,000
= $20,000

Therefore, the profit after taxes would be $20,000, which is option C.

The BAT Corporation Had 20B Revenues of $110,000,expenses of $85,000,and