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Elgin battery manufacturers had sales of 890,000 in 2015 and their cost of goods sold is 614,100. Selling and administrative their cost of goods sold
Elgin battery manufacturers had sales of 890,000 in 2015 and their cost of goods sold is 614,100. Selling and administrative their cost of goods sold is 614,100. Selling and administrative expenses were 97,900. Depreciation expense was $17,000 and interest expense for the year was $13,000. The firm's tax rate is 29 percent. What is the dollar amount of taxes paid in 2015?
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