Your company has sales of 425000 cost of goods sold 200000, Ask an Expert

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Your company has sales of $425,000; cost of goods sold = $200,000. The company paid interest of $25,000 on a loan and received $20,000 in dividends from GE. They paid $55,750 in common stock dividends and $10,000 in preferred stock dividends. What was their Federal tax bill?

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Financial Management, Finance

Category:- Financial Management
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