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lantos company has a 40 percent tax rate. given the following pre-tax amounts, what would be the income tax expense reported on the face of

lantos company has a 40 percent tax rate. given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement? sales revenue $ 500,000 cost of goods sold 300,000 salaries and wages expense 40,000 depreciation expense 55,000 dividend revenue 45,000 utilities expense 5,000 extraordinary loss 50,000 interest expense 10,000

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