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Calculate the tax liability for LMN Company for the fiscal year ending December 31, 2024, considering the following information: Gross Profit: $150,000 Operating Expenses: $50,000

Calculate the tax liability for LMN Company for the fiscal year ending December 31, 2024, considering the following information:

Gross Profit: $150,000
Operating Expenses: $50,000
Depreciation Expense: $10,000
Interest Expense: $5,000
Tax Rate: 20%

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