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A hotel desires to earn $105,000 in net income and has an income tax rate of 30%. What is the income before taxes (Ib) for

A hotel desires to earn $105,000 in net income and has an income tax rate of 30%. What is the income before taxes (Ib) for this business?

a. 149,000

b. $148,000

c. $151,000

d. $150,000

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