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You find the following financial information about a company: net working capital = $1,140; fixed assets = $6,345; total assets = $8,670; and long-term debt
You find the following financial information about a company: net working capital = $1,140; fixed assets = $6,345; total assets = $8,670; and long-term debt = $4,671. What are the company's total liabilities? Multiple Choice $5,856 $8,571 $7,800 $5,811 $1,911 The tax rates are as shown below: Taxable Income Tax Rate $0 - 50,000 15% 50,001 75,000 25% 75,001 100,000 34% 100,001 335,000 39% Your firm currently has taxable income of $81,500. How much additional tax will you owe if you increase your taxable income by $22,700? Multiple Choice $7,718 $8,853 $7,538 $7,548
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