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What is the applicable tax rate for nepal inc

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Reference no: EM132711377

Below is a list of income statement accounts for Nepal Inc. as of December 31, 2021:

Revenue$5,960,000

Income tax Expense875,625

Income tax payable750,000

Profit2,626,875

Other expenses97,500

Salaries Expense850,000

Supplies Expense410,000

Interest Expense1,100,000

Instructions

Problem a) Present the income statement in the correct order .

Problem b) What is the applicable tax rate for Nepal Inc.?

Reference no: EM132711377

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