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During 2020, Waterway Inc. had sales revenue $1392000, gross profit $737100, operating expenses $477000, cash dividends $90800, other expenses and losses $42200. Its corporate tax
During 2020, Waterway Inc. had sales revenue $1392000, gross profit $737100, operating expenses $477000, cash dividends $90800, other expenses and losses $42200. Its corporate tax rate is 30%. What was Waterway's income tax expense for the year? O $65370 O $60800 O $182400 O $477000
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