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At the end of 2021, your company recorded taxable income of $6,022. Tax rate this year was 25%. You are facing uncertainty regarding future income

At the end of 2021, your company recorded taxable income of $6,022. Tax rate this year was 25%.

You are facing uncertainty regarding future income and tax rates and would like to prepare a scenario analysis.

You narrowed down the possibilities for next year to the following:

* Taxable income: 4 scenarios - a. Decrease of 20%, b. No change, c. Increase of 10%, d. Increase of 15%.

* Tax rate: 2 scenarios - a. 20%, b. 35%

Suppose the probabilities for each scenario are the following:

income -20% income same income +10% income +15%
tax rate 20% 0.1 0.2 0.1 0.1
tax rate 35% 0.1 0.2 0.1 0.1

what is the expected net income next year? (round your answer to the nearest dollar)

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