Multiple Choice
In 2014 the Australian firm Bouffard Co.has local earnings before taxes of $100,000,000.The ordinary shareholders have a marginal tax rate of 45%.The company's tax expense was
A) $75,000,000
B) $45,000,000
C) $15,000,000
D) $30,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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