Elgin Battery Manufacturers had sales of $840,000 in 2021 end their cost of goods sold is 562.800 Selling and administrative expenses were 75,600 Depreciation expense was $19,000 and interest expense for the year was $12.000 The firm's tax rate is 35 percent What is the dollar amount of taxes paid in 2021? Multiple Choice $172.974 $59.710 $198.400 $61.910

Elgin Battery Manufacturers had sales of $840,000 in 2021 end their cost of goods sold is 562.800 Selling and administrative expenses were 75,600 Depreciation expense was $19,000 and interest expense for the year was $12.000 The firm's tax rate is 35 percent What is the dollar amount of taxes paid in 2021? Multiple Choice $172.974 $59.710 $198.400 $61.910

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...

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