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The income tax before (EBIT) of Warringtons S corporation is 50,000. The board decides to retain 40% of it in the business. What is the
The income tax before (EBIT) of Warringtons S corporation is 50,000. The board decides to retain 40% of it in the business. What is the total tax to be paid if corporate tax rate and personal income tax rate are 40% and 10% respectively?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
