us Calculate the corporate income tax for Quarter 2 from the following income statement. Use...
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us Calculate the corporate income tax for Quarter 2 from the following income statement. Use a corporate income tax rate of 21%. Q1 (x1000) Q2(x1000) Net Sales 115 175 COGS (33) (35) Gross Profit 82 140 Overhead (32) (51) Pre-tax Income 50 89 Corporate Income Tax = $[?] Multiply your result by 1000 before entering. For example: 1.23 (x1000) = $1,230
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