This year SanCorp had $10 million in sales, $5.2 million in operating costs, and $200,000 in interest
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This year SanCorp had $10 million in sales, $5.2 million in operating costs, and $200,000 in interest expense. It also paid 40 percent of its pre-tax income to the government as income tax expense. What was SanCorp's net after-tax income for the year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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