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ABC Corporation is a regional Toyota dealer. The firm sells new and used trucks and is actively involved in the parts business. During the most
ABC Corporation is a regional Toyota dealer. The firm sells new and used trucks and is actively involved in the parts business. During the most recent year, the company generated sales of $4,000,000 million. The combined cost of goods sold and the operating expenses were $2.800,000 million. Also, $500,000 in interest expense was paid during the year. Calculate the corporations tax liability?
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