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You are the financial manager of a firm filing its taxes for the current financial year. As per the income statement of the firm, you

You are the financial manager of a firm filing its taxes for the current financial year. As per the income statement of the firm, you know the following details:
Operating income - $ 20,000
Interest expense - $ 1,000
What amount of tax will your firm be paying this financial year if the tax rate applicable to your firm is 30%?

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