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Question 8 Acme Universal is a micro-cap that had a $3,000,000 drop in taxable income...

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Question 8 Acme Universal is a micro-cap that had a $3,000,000 drop in taxable income this year. Their drop in taxes was $1,030,000. For each of the following, determine the largest amount that meets the conditions given above. Click here to access the Tax Table What was their taxable income last year? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 100. What was their total income tax this year? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $100

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