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What was Bests net income for the year

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Question - In its first year of operations Best Corp. had income before tax of $500,000. Best made income tax payments totaling $210,000 during the year and has an income tax rate of 40%. What was Best's net income for the year?

A. $290,000.

B. $294,000.

C. $300,000.

D. $306,000.

Reference no: EM132500035

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