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XYZ Corporation has the following information for the year ended December 31, 2022: Sales revenue: $1,000,000 Cost of goods sold: $400,000 Operating expenses: $200,000 Depreciation

XYZ Corporation has the following information for the year ended December 31, 2022:

  • Sales revenue: $1,000,000
  • Cost of goods sold: $400,000
  • Operating expenses: $200,000
  • Depreciation expense: $50,000
  • Income tax rate: 30%

Calculate the net income after taxes for XYZ Corporation for the year ended December 31, 2022.

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