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A company pays $1200 plus 8% tax for a one-year insurance policy on June 1, 2021. How much is its insurance expense for the

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A company pays $1200 plus 8% tax for a one-year insurance policy on June 1, 2021. How much is its insurance expense for the year ended December 31, 2021? Enter your answer without $ signs, decimal points, commas or pennies - just the digits.

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