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A not-for-profit healthcare organization has total expenses of $18 million. Sales tax in the state is 7%. Expenses are broken down into salaries of $12
A not-for-profit healthcare organization has total expenses of $18 million. Sales tax in the state is 7%. Expenses are broken down into salaries of $12 million and supplies of $6 million. The benefit received by the healthcare organization from the sales tax exemption is?
a $480,000 b $1.4 million c $420,000 d $6 million
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