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Moose Industries faces the following tax schedule: Tax on Base of Bracket Percentage on Excess above Base Taxable income Up to $50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000
Moose Industries faces the following tax schedule: Tax on Base of Bracket Percentage on Excess above Base Taxable income Up to $50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000 O $15,000,000 $15,000,000 $18,333,333 Over $18,333,333 7,500 13,750 22.250 113,900 3,400,000 5,150,000 6,416,667 To ooooo Last year the company realized $13.500,000 in operating income (EBIT). Its annual interest expense is $1.500,000. What was the company's net income for the year? 2.57,70,000 O . $6.004,000 O c $8,927,000 d. 99,085,000 Oe. $7,900,000
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