Answer to Question #14223 in Math for dara

Question #14223
calculate the taxable income for the ritter company given that the company paid taxes for the year of $53,350. what was the initial taxable income?
1
Expert's answer
2012-09-07T09:41:57-0400
$53,350 is 40% of total income
Thus total income = $53,350/40%*100%=$ 133 375

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