Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 33

Yamachi and Nadler of Hawaii has a gross income of $7.5 million for the year. Depreciation and operating expenses total $4.3 million. The combined state and local tax rate is 7.2%. If an effective federal rate of 35% applies, estimate the income taxes using the effective tax rate equation.