Rue Corp. is working to determine their income taxes payable for 2020. They have the following information:Tax Expenses: $40,000Taxable Revenue: $190,000Tax Rate: 20%Based on this information, what are their income taxes payable for 2020?

$30,000

Explanation:

Given that

Taxable Revenue = $190,000

Tax Expenses = $40,000

Tax rate = 20%

The computation of income tax payable is shown below:-

Profit = Taxable Revenue - Tax Expenses

= $190,000 - $40,000

= $150,000

Income tax payable = Profit × Tax rate

$150,000 × 20%

= $30,000

Therefore, for calculating the income tax payable we simply multiply the profit with tax rate.

whats the question fjefjejfejfegrgrgrg

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3