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What is the cat attributable to the sale of that item

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Question - Calculate the CAT (Ohio's Commercial Activities Tax) attributable to the sale of an item in Ohio as follows: the item was sold for $10,000 at a profit to the seller of $3,000. What is the CAT attributable to the sale of that item? Note: the seller is a major retailer with many millions in annual revenues and profits.

Reference no: EM133186677

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