Firms taxable income or earnings before tax

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Rao construction recently reported 17,500 in sales, 8,250 of operating costs other than depreciation, and $2,000 of depreciation. It has $9,000 of bonds outstanding that carry an interest rate of 8%. It has a 40% tax rate.

How much is the firms taxable income or earnings before tax (EBT)?

Reference no: EM132726293

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