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  1. business
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  3. thunder corp. had a net income before taxes of $40

Thunder Corp. had a net income before taxes of $400,000 and sales of $2,000,000 in...

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Accounting

Thunder Corp. had a net income before taxes of $400,000 and sales of $2,000,000 in 2023. If it is in the 30% tax bracket, calculate its after-tax profit margin. [Show detailed calculation to get proper credit]

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