A company with taxable income in excess of 20 million has, Ask an Expert

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A company with taxable income in excess of 20 million has just acquired a firm with revenues of 1.2 million, cost of goods sold of 630,000, salaries and wages of 240,000, interest expense of 12,000 and tax depreciation of 82,000. What is the income tax on the revenue generated from this new acquisition?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92398331

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