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Reply #17: What would a plumbing business have to gross in order to have net earnings of $250,000? [View All]

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aint_no_life_nowhere Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-18-08 02:05 PM
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17. What would a plumbing business have to gross in order to have net earnings of $250,000?
If the plumbing business is incorporated and files a form 1120 tax return, there would be a ton of deductions on it, from salaries to office overhead to equipment to mileage on company vehicles. I wonder what an average small business of this kind would actually have to make before the net corporate earnings exceed $250,000 for tax purposes.
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