The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: $ 150 Pretax accounting income included: Overweight fines (not deductible for tax purposes) 5 Depreciation expense 65 Depreciation in the tax return using MACRS: 112 The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is:

$108

Explanation:

The computation of the taxable income is shown below:

= Pre accounting income + Overweight fines (not deductible for tax purposes)  + depreciation expenses - depreciation in the tax return using MACRS

= $150 + $5 + $65 - $112

= $108

We simply added the overweight fines, and depreication expenses and deduct the deprecation in the tax return to the pre accounting income so that the taxable income could arrive

Plus we ignored the applicable tax rate i.e 25%

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.