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What is dollar amount of taxes paid

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Question 1: Elgin Battery Manufacturers had sales of $870,000 in 2015 and their cost of goods sold is 600,300. Selling and administrative expenses were 60,900. Depreciation expense was $13,000 and interest expense for the year was $10,000. The firm's tax rate is 30 percent. What is the dollar amount of taxes paid in 2015?

Reference no: EM132889452

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