Multiple Choice
Chartworth Associates' financial statements indicated that the company had EBITDA of $3,145,903. It had depreciation of $633,000, and its interest rate on debt of $1.25 million was 7.5 percent. Calculate the amount of tax the company is likely to owe. The corporate tax rate is 30%.
A) $1,069,607
B) $1,037,732
C) $725,746
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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