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Homework answers / question archive / Corporate income? tax) G

Corporate income? tax) G

Finance

Corporate income? tax) G. R. Edwin Inc. had sales of

$5.92 million during the past year. The cost of goods sold amounted to

$2.5 million. Operating expenses totaled $2.48 million, and interest expense was $29,000. Use the corporate tax rates to determine the? firm's tax liability. What are the? firm's average and marginal tax? rates?

The? firm's tax liability for the year is. 

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