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QUESTION 24 JG Sport House had sales of $843800 and costs of $609000. The firm paid $38200 in interest and 518000 in dividends. It also

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QUESTION 24 JG Sport House had sales of $843800 and costs of $609000. The firm paid $38200 in interest and 518000 in dividends. It also increased retained earnings by $62138 for the year. The depreciation was $76400. Required: Calculate the average tax rate for the firm. (4 marks) Earnings before taxes (Taxable income) = I For Blank 1 Net income Taxes = Tax rate = Click Save and Submit to save and submit. Click Save All Answers to see all answers Save Al Answers

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