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Assume a corporation has earnings before depreciation and taxes of $90,000, depreciation of $40,000, and a 25 percent tax bracket. Compute its taxes. A. $2,600
Assume a corporation has earnings before depreciation and taxes of $90,000, depreciation of $40,000, and a 25 percent tax bracket. Compute its taxes.
A. $2,600
B. $32,900
C.$12,500
D. $11,100
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