Tax expense for the year, During 2010 Silas Inc. had sales

Tax expense for the year

Reference no: EM13126798

During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?

a. $27,000

b. $79,000

c. $169,200

d. $40,500

Reference no: EM13126798

Questions Cloud

Determining calculus - maximizing profit : A manufacturer has been selling lamps at $6 apiece, and at this price, consumers have been buying 3,000 lamps per month. The manufacturer wishes to raise the price and estimates that for each $1 increase in price

Find the maximum water producing capacity : What is the maximum water producing capacity that the station should keep on line for this hour so that the demand will have a probability of only 0.01 of exceeding this production capacity?

Calculus in commerece-marginal revenue : The marginal revenue derived from producing q units of a certain commodity is R'(q) = 4q - 1.2q^2 dollars per unit. If the revenue derived from producing 20 units is $30,000 how much revenue should be expected from producing 40 units?

Illustrate what are advantages of computerized accounting : The trainer has covered the difference between manual accounting and computerized accounting. What questions do you have regarding the differences? Illustrate what are the advantages of computerized accounting versus manual accounting?

Tax expense for the year : During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?

Calculate the specific heat capacity : It takes 485 J of energy to raise the temperature of 104.1 g mercury from 20.0°C to 53.5°C. Calculate the specific heat capacity and the molar mass capacity of mercury.

Calculus applied to commerece : The resale value of a certain industrial machine decreases at a rate that depends on its age. When the machine is t years old, the rate at which its value is changing is -960e^ -t/5 dollars per year.

Find probability miss school because of asthma : If a group of 400 school children are selected at random, what is the probability that at most 70 children will miss school because of asthma?

Calculus-maximizing revenue : You can operate a train if at least 200 people buy tickets. The fare will be $8 per person if 200 people buy tickets, but will decrease 1 cent for each additional person over 200. what number of passangers will bring the railroad the maximum reven..

User Account

All Pages