Theresas Boutique, Inc., has taxable income of $82,348. How much does Theresas owe in taxes?
1. ABC has net income of $10,000; dividends of $5,000; ending retained earnings of $20,000. Compute beginning retained earnings. a) $20,000 b) $15,000 c) $25,000 d) $5,000 e) $10,000 2.…