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  1. business
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  3. jones company had a 20 percent tax rate. given the

Jones Company had a 20 percent tax rate. Given the following pre-tax amounts, what would...

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Accounting

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Jones Company had a 20 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? Sales revenue $ 1,100,000 Cost of goods sold 600,000 Salaries and wages expense 80,000 Depreciation expense 110,000 Dividend revenue 90,000 Utilities expense 10,000 Discontinued operations loss 150,000 Interest expense 20,000 O $34.000 O $36,000 $16,000 $74,000

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