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The reformulated Income Statement for a company with a 30% tax rate is presented below. Core Operating Income from Sales (before tax) 1,000 Core Other
The reformulated Income Statement for a company with a 30% tax rate is presented below.
Core Operating Income from Sales (before tax) 1,000
Core Other Operating Income (before tax) 400
Unusual Operating Income (before tax) 200
Interest Income (before tax) 250
Interest Expense (before tax) 110
Profit Before Tax 1,740
Income tax expense 550
Based on this information, what is the tax allocation to Core Operating Income from Sales?
1. | 328 | |
2. | 550 | |
3. | 522 | |
4. | 412 |
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