Question
Last year, a company's gross income was $104,000, expenses (not including depreciation) were $21,000, and the depreciation allowance was $10,000. If federal income taxes are
Last year, a company's gross income was $104,000, expenses (not including depreciation) were $21,000, and the depreciation allowance was $10,000. If federal income taxes are 21%, state income taxes are 6%, and local income taxes are 1%, what is the After Tax Cash Flow (ATCF) for that year?
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Investments
Authors: Zvi Bodie
12th Edition
1260819426, 9781260819427
