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In its first year of operations Best Co. had income before tax of $500,000. Best made income tax payments totaling $105,000 during the year and

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In its first year of operations Best Co. had income before tax of $500,000. Best made income tax payments totaling $105,000 during the year and has an income tax rate of 20%. What was Best's net income for the year? A. $395,000. B. $398,000. C. $400,000 D. $408,000. 6:05 PM VI

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