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Business, 01.04.2021 16:20 ghari112345

The city of Springvale imposes a net income tax on businesses operating within its jurisdiction. The tax equals 1% of income up to $100,000 and 2.0% of income in excess of $100,000. The Springvale Bar and Grill generated $686,000 net income this year. Compute its city income tax. Group of answer choices $10,230 $11,730 $11,230 $12,720 None of the above

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The city of Springvale imposes a net income tax on businesses operating within its jurisdiction. The...
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