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A firm has net sales of $ 1 2 , 0 0 0 , 0 0 0 , Cost of Goods Sold $ 7 ,

A firm has net sales of $12,000,000, Cost of Goods Sold $7,000,000, Depreciation Expense of $500,000, Selling and Administrative Expenses of $750,000, Interest Expense of $500,000, and an average tax rate of 21%. The firm's tax liability is
Question 50 options:
710,250
682,500
262,500
125,030

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