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For the Year 20X1, Tally Corporation Reported $50,000 Pre-Tax Proﬁt

Question 39

Multiple Choice

For the year 20X1, Tally Corporation reported $50,000 pre-tax proﬁt (average annual income tax rate of 40%) . What was the after-tax proﬁt?

A) $10,000.
B) $15,000.
C) $20,000.
D) $30,000.

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