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  3. marin inc. disposes of an unprofitable segment of

Marin Inc. disposes of an unprofitable segment of its business. The operation of the segment...

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Accounting

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Marin Inc. disposes of an unprofitable segment of its business. The operation of the segment suffered a $225000 loss in the year of disposal. The loss on disposal of the segment was $125000. If the tax rate is 33%, and income before income taxes was $1625000, the income from continuing operations is $1088750. net income is $1275000. the losses from discontinued operations are reported net of income taxes at $350000. the income tax expense on the income before discontinued operations is $465500

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