[Solved] 41. Reid Inc. received a $90,000 cash pay

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41. Reid Inc. received a $90,000 cash payment, only $50,000 of which was taxable income. If Reid's marginal tax rate is 40%, compute Reid's after-tax

41. Reid Inc. received a $90,000 cash payment, only $50,000 of which was taxable income. If Reid's marginal tax rate is 40%, compute Reid's after-tax cash flow. A. $54,000 B. $50,000 C. $30,000 D. None of the above

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