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For the year ended August 31, 2016, Zen Fitness Inc. had service revenue of $625,000; operating expenses of $265,000 and other expenses of $32,000. The
For the year ended August 31, 2016, Zen Fitness Inc. had service revenue of $625,000; operating expenses of $265,000 and other expenses of $32,000. The company has a 20% tax rate and has previously accrued $25,000 in income taxes. Determine the profit before income tax and the income tax expense.
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