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Info: The plant capacity is 55,000 units. The variable cost per unit (Variable Cost) is $ 17. The profit obtained on each unit sold (Unit Contribution Margin) is $ 22, the sale price is $ 40. Total Fixed Cost is $ 550,000. The tax rate (Tax Rate) 15%. Desired Profit is $ 85,000.
Total income $ 1,494,120
Net income $ 561,000
Question: What is the Total Income that the company must have to cover fixed and variable costs, expected profit and payment of taxes?
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