The seminole corporation has income before tax of $150,000.00 and taxable income of $65,000.00. the income tax rate is 35 percent. the journal entry includes a debit to income tax expense for what amount?

Financial Operations of Corporations

1. $17,000.00

2. $52,500.00

3. return on equity ratio

4. $2.37

5. no journal entry is required

6. $1,000.00

7. depreciation

8. retained earnings

9. $25,000.00

10. income tax payable

step-by-step explanation:

so first find out how much each is worth.

quarter= 25 cents

dime= 10 cents

pennies= 1 cent

then multiply each by how much each is worth.

200                     150                   300

x                         x                     x   1

  25                       10              

                                  300

1000                     1500

+                          

4000                                      

5000                                  

then count 2 from the back and add a period.

$50.00

$15.00

$3.00

and then add them

  $50.00

+

  $15.00

+

    $3.00

$68.00

so sunghee has $68.00

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step-by-step explanation: