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3 years ago

5

Mel Company has a net income, before taxes, of $95,000. The treasurer of the company estimates 45 percent of net income will hav

e to be paid for federal and state taxes. The tax for both federal and state is: ...?

1 answer:

sergij07 [2.7K]3 years ago

6 0

Net income before taxes $95,000

Tax for federal and state: 45% * $ 95,000 = 42,750

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