What was the amount of depreciation of ABK Pharmaceuticals current sales were 11% lower this year from last year amount of $12,000,000?

Sales
Cost of Goods Sold	10,500.00
Gross Profit	4,500.00
Selling and Adm. Exp.	750,000
Depreciation
EBIT	9,907,700

A.

$7,300

B.

$1,750

C.

$975

D.

$2,120

Ivory Bricks & Concrete has a EBT of $5,358,500 and a Net Income of $4,233,215. What was the corporate tax rate?

	A.	21%
	B.	40%
	C.	35%
	D.	11.29%