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Sweet 'N Cream Me Corporation Had a Net Income Before

Question 43

Multiple Choice

Sweet 'N Cream Me Corporation had a net income before taxes of $2,058,600. Calculate the net income after taxes. Note: First find the tax liability using the Corporate Tax Rate Schedule, Exhibit 18-6 from your text.


A) $818,476
B) $1,358,676
C) $556,224
D) $763,600

Correct Answer:

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