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g dividends paid 13500. what was the net income for the past year of the firm faces a tax rate of 30%
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39 votes
39 votes
g dividends paid 13500. what was the net income for the past year of the firm faces a tax rate of 30%

User Joseph Tinoco
by
2.6k points

1 Answer

10 votes
10 votes

Answer:

A.) £27,214.29

B.) £19,250

Explanation:

Given the following :

Andy £13500

Bevan £27500

Cheryl £13250

Deva £75000

Elliott £18750

Frankie £27500

Grace £15000

Mean income = (total sum of salaries / number of workers)

Mean income = £(13500 + 27500 + 13250 + 75000 + 18750 + 27500 + 15000) / 7

Mean income = (£190,500 / 7) = £27,214.286

B.) mean income excluding Deva's salary:

Mean income = Mean income = £(13500 + 27500 + 13250 + 18750 + 27500 + 15000) / 7

Mean income = £115,500 / 6

Mean income = £19,250

User Zarkone
by
2.8k points
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