FUBUKI CO (DEC 10)

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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June 5, 2022 at 2:14 am #657393
Frooti
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part a of question

Subsidy benefit
14,488 × 80% × 0.02 × 75% × 3.588 =624

why 75% is used over here?
June 5, 2022 at 9:28 am #657421
John Moffat
Keymaster
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Because the tax rate is 25% and therefore the net benefit is only 75% of the subsidy.
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