How to calculate income tax accrued at the end of a month at

How to calculate income tax accrued at the end of a month at a rate of 30%, with sales revenue equalling $240,100 and operating expenses equalling 65,389?

Solution

You need to apply tax rate on net profit.

Sales revenue. - $240,100

Less: Operating expenses - $65,389

Net Profit. - $174,711

Tax @30%. -$52.413