Yamachi and Nadler of Hawaii have a gross income of $6.5 million for the year....
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Accounting
Yamachi and Nadler of Hawaii have a gross income of $6.5 million for the year. Depreciation and expenses total $4.1 million. If the combined state and local tax rate is 7.6%, use an effective federal rate of 34% to estimate the income taxes, using the effective tax rate equation.
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