Blue Ridge Resorts Has the Following Pretax Information Available for the Current

Multiple Choice

Blue Ridge Resorts has the following pretax information available for the current year:
$\begin{array}{cc} \text {Pretax receipts } &\$800000\\ \text { Pretax costs } &300000\\\end{array}$

Assuming all receipts are taxable and all costs are tax-deductible,what will be Blue Ridge's after-tax net income for the year if their tax rate is 30 per cent?

A) $330 000
B) $150 000
C) $350 000
D) $770 000