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A company is in the 40 percent tax bracket. Why is desired profit after tax divided by 60 percent to determine the needed before-tax profit

A company is in the 40 percent tax bracket. Why is desired profit after tax divided by 60 percent to determine the needed before-tax profit amount?

A company is in the 40 percent tax bracket. How can you determine the needed before-tax profit amount with the help of after-tax profit?

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