LO 3.2A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the company’s after-tax income?
$300,000
$240,000
$48,000
$72,000
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Home » Business » LO 3.2A company has pre-tax or operating income of $120,000. If the tax rate is 40%, what is the company’s after-tax income? $300,000 $240,000 $48,000 $72,000