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Please explain how to get answer step by step Last year, your company had sales of $3,974,779, cost of goods sold of $2,422,727 million and
Please explain how to get answer step by step
Last year, your company had sales of $3,974,779, cost of goods sold of $2,422,727 million and operating expenses amounting to $845,226. The firm had $116,944 in depreciation expense. In addition, the firm paid $625,000 in 8% coupon bonds, received $30,000 in dividend income, and sold property for $10,000 capital loss. What was the firm's tax payment? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND AT THE ENDStep by Step Solution
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