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The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses. EBIT=$538,000. Interest expense=$63,000, and net income =$435,000. Calculate the 2018 taxes reported
The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses. EBIT=$538,000. Interest expense=$63,000, and net income =$435,000. Calculate the 2018 taxes reported on the income statement. (Enter your answer in dollars. Round your answer to the nearest dollar amount.)
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