Question
KBM Corporation had $9,000,000 in Sales with $6000000 in COGS, $500,000 in executive salaries, $200000 in interest expense, $100000 in Entertainment, $75000 in Fines, $300000
KBM Corporation had $9,000,000 in Sales with $6000000 in COGS, $500,000 in executive salaries, $200000 in interest expense, $100000 in Entertainment, $75000 in Fines, $300000 in payments to PWC for accounting services. KBM Corporation has a 21% effective tax rate. How much tac will KBM COrporation incur?
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
