The xyz corporation had sales this last year of 4 million, Financial Management

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The xyz corporation had sales this last year of 4 million

The XYZ Corporation had sales this last year of $4 million. Its COGS was $2.2 million and operating expenses were $400,000. Interest expense totaled $260,000 and the company paid out $40,000 in stock dividends. Its tax rate is 35%.

How much in taxes did the company pay?

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Financial Management: The xyz corporation had sales this last year of 4 million

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Financial Management: The xyz corporation had sales this last year of 4 million

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