22.) Elgin Battery Manufacturers had sales of $1,000,000 in 2015and their cost of good sold is $7000,000.
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22.) Elgin Battery Manufacturers had sales of $1,000,000 in 2015and their cost of good sold is $7000,000. Selling and administrative expenses were $100,000. Depreciation expense was $80,000 and interest expense for the year was $10,000. The firms' tax rate is 30 percent. What is the dollar amount of taxes paid in 2015.
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