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Business, 12.08.2019 15:20 jada1949

Meric mining inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. the company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. how much was the firm's net income after taxes? meric uses the same depreciation expense for tax and stockholder reporting purposes.

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