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Business, 18.07.2020 21:01 noslengerman

Builtrite had sales of $900,000 and COGS of $280,000. In addition, operating expenses were calculated at 25% of sales. Builtrite also received dividends of $50,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $70,000 was realized during the year along with a capital loss of $50,000 Based on their taxable income, what is Builtrite's tax liability? a. $95,200
b. $137,700
c. $139,400
d. $146,200
e. $158,100

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Builtrite had sales of $900,000 and COGS of $280,000. In addition, operating expenses were calculate...
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