Keisler's has cost of goods sold of $11,518, interest expense of $315, dividends of $420, depreciation of $811, and a change in retained earnings of $296. What is the taxable income given a tax rate of 21 percent?
A) $955.38
B) $967.78
C) $906.33
D) $776.41
E) $646.15
Correct Answer:
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