Last year, your company had sales of $3,663,755, cost of goods sold of $2,429,881 million and...

  

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Last year, your company had sales of $3,663,755, cost of goods sold of $2,429,881 million and operating expenses amounting to $856,444. The firm had $114,685 in depreciation expense. In addition, the firm paid $625,000 in 8% coupon bonds, received $30,000 in dividend income, and sold property for $10,000 capital loss. What was the firm's tax payment? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND AT THE END. TYPE IN YOUR NUMERICAL ANSWER. DO NOT ENTER THE $SYMBOL. IF YOUR ANSWER IS 1,000,000 FOR EXAMPLE, JUST ENTER 1,000,000. Last year, your company had sales of $3,663,755, cost of goods sold of $2,429,881 million and operating expenses amounting to $856,444. The firm had $114,685 in depreciation expense. In addition, the firm paid $625,000 in 8% coupon bonds, received $30,000 in dividend income, and sold property for $10,000 capital loss. What was the firm's tax payment? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND AT THE END. TYPE IN YOUR NUMERICAL ANSWER. DO NOT ENTER THE $SYMBOL. IF YOUR ANSWER IS 1,000,000 FOR EXAMPLE, JUST ENTER 1,000,000.

Answer rating: 100% (QA)

Interest expense 6250008 50000 According to the tax cuts and jobs act 2017 the tax rate for ... View the full answer