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Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of...

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Accounting

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Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2018 the firm earned $91,400 before taxes. a. Calculate the firm's tax liability using a flat tax rate of 26%. b. How much are Tantor Supply's 2018 after-tax earnings? a. The firm's tax liability is $ (Round to the nearest dollar.) b. The firm's after-tax earnings is $ (Round to the nearest dollar.)

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