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The Fitness Studio, Inc.s, 2015 income statement lists the following income and expenses: EBIT = $586,000, interest expense = $63,000, and net Income = $435,000.
The Fitness Studio, Inc.s, 2015 income statement lists the following income and expenses: EBIT = $586,000, interest expense = $63,000, and net Income = $435,000. Calculate the 2015 taxes reported on the income statement.
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