The last annual report of Harrison Engineerings3-D Imaging

Chapter 17, Problem 17.9

(choose chapter or problem)

The last annual report of Harrison Engineerings3-D Imaging Division showed GI = $4.9 million,OE = $2.1 million, and D = $1.4 million. If theaverage federal tax rate is 31% and state/local taxrates total 9.8%, estimate (a) federal income taxes,and (b) the percentage of GI that the federalgovernment took in income taxes.

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