Question
A company has a tax credit of $1,000, gross revenue of $90,000 (including interest received on a municipal bond of $8,000), and deductions of $14,000.
A company has a tax credit of $1,000, gross revenue of $90,000 (including interest received on a municipal bond of $8,000), and deductions of $14,000. Assume the tax rate is 21%. What is the company's tax expense?
$14,280
$15,960
$14,960
$13,280
None of the above
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
7th Edition
1420067915, 978-1420067910
