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Lantos Company Had a 40 Percent Tax Rate

Question 116

Multiple Choice

Lantos Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Lantos Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? A) $54,000 B) $34,000 C) $36,000 D) $16,000


A) $54,000
B) $34,000
C) $36,000
D) $16,000

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