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Last year, California Sushi and Such ( CSS ) had sales of $ 6 5 million. The firm's operating expenses amounted to $ 2 0
Last year, California Sushi and Such CSS had sales of $ million. The firm's operating expenses amounted to $ million and costs of goods sold totaled $ million. In addition, CSS received $ in dividend income, and paid $ in dividends to its stockholders. CSS has $ million in bonds outstanding with an annual interest payment of The firm also had $ million in depreciation expense, and sold land for $ million that had been purchased for $ million several years earlier. What is the firm's tax liability?
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