Ask Question
1 January, 17:51

Mel Company has a net income, before taxes, of $95,000. The treasurer of the company estimates 45 percent of net income will have to be paid for federal and state taxes. The tax for both federal and state is: ... ?

+2
Answers (1)
  1. 1 January, 18:05
    0
    Net income before taxes $95,000

    Tax for federal and state: 45% * $ 95,000 = 42,750
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mel Company has a net income, before taxes, of $95,000. The treasurer of the company estimates 45 percent of net income will have to be ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers