The xyz corporation had sales this last year of 4 million, Ask an Expert

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The XYZ Corporation had sales this last year of $4 million. Its COGS was $2.2 million and operating expenses were $400,000. Interest expense totaled $260,000 and the company paid out $40,000 in stock dividends. Its tax rate is 35%.

How much in taxes did the company pay?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93048296

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