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Your company has sales of $425,000; cost of goods sold = $200,000.The company paid interest of $25,000 on a loan and received $20,000 in dividends
Your company has sales of $425,000; cost of goods sold = $200,000.The company paid interest of $25,000 on a loan and received $20,000 in dividends from GE.They paid $55,750 in common stock dividends and $10,000 in preferred stock dividends.What was their Federal tax bill?
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