Question

This year, Jennifer's company paid $400,000 in wages, $850,000 for overhead

expenses, and $75,000 for advertising. It made a profit of $23,000.

On which amount will Jennifer need to pay federal business taxes?


A. The $23,000 in profits


B. The $75,000 in advertising cost


C. The $400,000 in wages


D. The $850,000 in overhead expenses

Answer 1

B 75,000 sounds right, I'm not completley sure though so I apologize if it's wrong