Rebel Inc. had gross revenues of $520,000 last year. Their operation and maintenance costs for the...
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Rebel Inc. had gross revenues of $520,000 last year. Their operation and maintenance costs for the year were $130,000 with corresponding annual depreciation of $52,000 for their capital assets. If the company paid a state income tax of $20,280, determine the federal income tax paid if the federal income tax rate is 21%. OA. $70,980 OB. $81,900 OC. $50,700 OD. $66,721 OE. $92,820 Rebel Inc. had gross revenues of $520,000 last year. Their operation and maintenance costs for the year were $130,000 with corresponding annual depreciation of $52,000 for their capital assets. If the company paid a state income tax of $20,280, determine the federal income tax paid if the federal income tax rate is 21%. OA. $70,980 OB. $81,900 OC. $50,700 OD. $66,721 OE. $92,820
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Related Book For
College Accounting
ISBN: 978-1119405962
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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