What would the firm taxable income be

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Problem 1: The business sold goods 42,000. interest expense of 650, administrative expenses of 7,800 while paying dividends of 1,200. Depreciation of 1,100 with a tax rate of 34%. what would the firm's taxable income be if it added 2,500 to retained earnings during the year?

Reference no: EM132807694

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