The last annual report of Harrison Engineerings 3-D Imaging Division showed GI = $4.9 million, OE =
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The last annual report of Harrison Engineering’s 3-D Imaging Division showed GI = $4.9 million, OE = $2.1 million, and D = $1.4 million. If the average federal tax rate is 31% and state/local tax rates total 9.8%, estimate
(a) Federal income taxes, and
(b) The percentage of GI that the federal government took in income taxes.
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