INTERMEDIATE ACCOUNTING (LCPO)
10th Edition
ISBN: 9781264473441
Author: SPICELAND
Publisher: MCG
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General Accounting Question
Sea Harbor, Inc. has a marginal tax rate of 35 percent and an average
tax rate of 22 percent. If the firm earns $79,500 in taxable income, how
much will it owe in taxes?
a. $10,335.
b. $16,695.
c. $17,490.
d. $27,030.
e. $27,825.
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