Multiple Choice
In its first year of operations Best Corp. had income before tax of $500,000. Best made income tax payments totaling $210,000 during the year and has an income tax rate of 40%. What was Best's net income for the year?
A) $290,000.
B) $294,000.
C) $300,000.
D) $306,000.
Correct Answer:
Verified
Correct Answer:
Verified
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