Determine dollar amount of taxes paid


Elgin Battery producers had sales of $1,000,000 in 2009 and the cost of goods sold represented 70% of sales. Selling and administrative expenses were 10% of sales. Depreciation expense was $100,000 and interest expense for year was $10,000. Firm's tax rate is 30%. Determine dollar amount of taxes paid?

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Mathematics: Determine dollar amount of taxes paid
Reference No:- TGS0867698

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