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What was Corporation income tax expense for the year

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Reference no: EM132857330

Question - During 2020, Corporation had sales revenue Rs.535,000, gross profit Rs.225,000, operating expenses Rs.67,000, cash dividends Rs.45,000, other expenses and losses Rs.22,500. Its corporate tax rate is 31%. What was Corporation's income tax expense for the year?

Reference no: EM132857330

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