Suppose an investment generates an annual sales of $2,360,000, with annual costs of $520,000. Assume a tax rate of 35%. What is the tax to be paid on annual sales?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Dec 11, 2020 22.5k views

5 votes

Suppose an investment generates an annual sales of $2,360,000, with annual costs of $520,000. Assume a tax rate of 35%. What is the tax to be paid on annual sales?

Mathematics
middle-school

Avi Marcus asked

by Avi Marcus

5.0k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

6 votes

Answer:

$644,000

Explanation:

0.35(2,360000-520000)=644000

Sedat answered Dec 17, 2020

by Sedat

5.5k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.5m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions