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Saeed Ltd had sales of $900,000 in 2020 and their cost of goods sold represented 65 percent of sales. Selling and administrative expenses were 9

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Saeed Ltd had sales of $900,000 in 2020 and their cost of goods sold represented 65 percent of sales. Selling and administrative expenses were 9 percent of sales. Depreciation expense was $10,000 and interest expense for the year was $8,000. The firm's tax rate is 35 percent. What is the dollar amount of taxes paid? A) $ 151,200 B) $145,800 C) More than $ 151,800 D) $75,600 Select one: B

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