Social Studies

Guest

12 May, 00:23

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