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3 years ago

8

Keisler's has cost of goods sold of $11,518, interest expense of $315, dividends of $420, depreciation of $811, and a change in

retained earnings of $296. What is the taxable income given a tax rate of 21 percent

1 answer:

True [87]3 years ago

6 0

Solving: 420+296 = 716
716/(1-.21) = 906.33

Answer: $906.33

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