Social Studies, 06.05.2020 02:03, milkshakegrande101

This year, Jennifer's company paid $400,000 in wages, $850,000 for overhead
expenses, and $75,000 for advertising. It made a profit of $23,000.
On which amount will Jennifer need to pay federal business taxes?

A. The $23,000 in profits

B. The $75,000 in advertising cost

C. The $400,000 in wages

D. The $850,000 in overhead expenses

Answers: 1

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This year, Jennifer's company paid $400,000 in wages, $850,000 for overhead
expenses, and $75,...