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Tax rate is 21% Reliable Corporation had sales of $62,704,210, cost of good sold or $24947,818, operating expenses of $14.500,000 and depreciation of $3,952,433. The
Tax rate is 21%
Reliable Corporation had sales of $62,704,210, cost of good sold or $24947,818, operating expenses of $14.500,000 and depreciation of $3,952,433. The form received $104 327 in dividend income and paid 8% interest on $15.000.000 in outstanding bonds. Also, Reliable sold stock during the year, receiving a $120,000 gain on stock owned 4 years, but losing $160,000 on stock owned 6 years. What is the terms tax payment? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN ROUND TO THE NEAREST WHOLE NUMBER AT THE END. DO NOT ENTER THE S SIGN SYMBOLLE. Il your answer is 1.000.000 enter it os 1,000,000Step by Step Solution
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