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I am working on homework and understand everything until I get to the below twists. Can anyone tell me how the below factors plug into
I am working on homework and understand everything until I get to the below twists. Can anyone tell me how the below factors plug into the Net Taxable income equation?
In addition, the past allowed depreciation amounted to $300. During the year you also earned $9000 in dividends and $900 in interest. Determine your net taxable income. The income tax rate for the company is 25%. Calculate the net profit of the company.
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