Need answer the accounting question not use ai please don't Chartworth Associates' financial statements indicated that the company hadEBITDA of $3,145,903. It had depreciation of $633,000, and its interest rateon debt of $1.25 million was 7.5 percent. Calculate the amount of taxes thecompany is likely to owe. (Round your final answer to the nearest dollar.)Tax rate Taxable income15% $0 to $50,0002550,001 - 75,0003475,001 100,00039100,001 335,00034335,001 10,000,0003510,000,001 15,000,0003815,000,001 - 18,333,33335More than $18,333,333a. $1,069,607.b. $1,037,732.c. $822,512.d. None of these.

Step 1: Define Taxable IncomeTaxable income refers to the portion of income that is subjected to tax…

Answered: Chartworth Associates' financial…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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vv. Subject :- Finance
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