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Please select the proper amount of tax liability for my corporation using the tax-basis profit...

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Accounting

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Please select the proper amount of tax liability for my corporation using the tax-basis profit and loss below: Gross Receipts $250,000 Expenses $150,000 $250,000 $21,000 $100,000 $25,000 Refer to the profit and loss in Question 18. If I add an additional $50,000 in expenses, what will my tax liability be? $10,500 $5,000 $25,000 $50,000 Refer to the profit and loss in Question 18. If I add $200,000 of income, what will my tax liability be? $75,000 $65,000 $63,000 $68,000

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