What is the net income of a plant touching cannabis company that has 3 0 0 K

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Question:

What is the net income of a plant touching cannabis company that has

300

K in revenue,

50

K in deductible expenses and

150

K in nondeductible expenses if its corporate tax rateis

30 % ?

The answer from the teacher is

25

,

how do you get that?

Posted Date: May 07, 2024 03:49 AM

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What is the net income of a plant touching cannabis company that has 3 0 0 K

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