In the year 2018, a corporation made $18.5Million in revenue, $2.1 Million of operating expenses, and depreciation expenses of $6.9 Million. The state income tax rate is 10% and the federal income tax rate is 21%. The approximate state income tax rate is _____ 3 decimals The approximate federal tax is 3 decimals The combined effective income tax rate is The ATCF for the year 2018 is Nearest decimal 3 decimal places

In the year 2018, a corporation made $18.5Million in revenue, $2.1 Million of operating expenses, and depreciation expenses of $6.9 Million. The state income tax rate is 10% and the federal income tax rate is 21%. The approximate state income tax rate is _____ 3 decimals The approximate federal tax is 3 decimals The combined effective income tax rate is The ATCF for the year 2018 is Nearest decimal 3 decimal places

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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