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Given the following information, determine pretax income for this company. Gross margin $300,000 Sales $1,000,000 Income tax rate 35% Net income$97,500 $ 63,375 $105,650 $150,000

Given the following information, determine pretax income for this company. Gross margin $300,000 Sales $1,000,000 Income tax rate 35% Net income$97,500

$ 63,375

$105,650

$150,000

$162,500

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