please help with answers for Income Tax Expense and Net Income/loss?
second question.
Homework Answers
Income Tax Expense = Net Profit Before Tax X 34%
= $4,000 X 34%
= $1,360
Net Income = Net Profit before Tax - Income Tax Expense
= 4,000 - 1,360
= $2,640
Gross Profit Rate = 
= 
= 50%
Profit Margin = Net Profit
Net Sales
= (2,640
11,750) X 100
= 22.5%
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please help with answers for Income Tax Expense and
Net Income/loss?
second question.
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