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What is the dollar amount of taxes paid

   

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Reference no: EM132640929

Problem 1: Elgin Battery Manufacturers had sales of $800,000 in 2015 and their cost of goods sold is 496,000. Selling and administrative expenses were 88,000. Depreciation expense was $13,000 and interest expense for the year was $12,000. The firm’s tax rate is 27 percent. What is the dollar amount of taxes paid in 2015?

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