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WhatsApp Get Price Nhận giáIncome tax is calculated by multiplying your state's tax rate by your pre-tax income. This figure is added just below the pre-tax income. 9. Calculate net income. Your net income is figured by subtracting income tax from the pre-tax income. This figure will be the final line of your income statement. 10.
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WhatsApp Get Price Nhận giáCrusher and Co. reported the following amounts in its income statement: Sales revenue$440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Income tax expense 45,000 Cost of goods sold 180,000 What was Crusher's operating income? Multiple Choice-$120,000.-$260,000.-$110,000.-$65,000. (Incorrect)
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