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Oakdale Fashions, Inc. ' s , 2 0 2 1 income statement is reported below. ( Use corporate tax rate of 2 1 percent for

Oakdale Fashions, Inc.

'

, 2021

income statement is reported below.

(

Use corporate tax

rate of

21

percent for your calculations.

)

Determine the firm's

2021

tax liability.

Tax liability

Determine the firm's

2021

net income.

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