Elgin Battery Manufacturers had sales of $860,000 in 2015 and their cost of goods sold...
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Elgin Battery Manufacturers had sales of $860,000 in 2015 and their cost of goods sold is 550,400. Selling and administrative expenses were 60,200. Depreciation expense was $13,000 and interest expense for the year was $10,000. The firm's tax rate is 27 percent. What is the dollar amount of taxes paid in 2015?
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