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Zoose Industries sells sport apparels The company faces the followi

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Zoose Industries sells sport apparels. The company faces
the following tax rate schedule:
Tax on Base of Bracket
Percentage on Excess above Base
$0
15%
7,500
25
13,750
34
22,250
39
113,900
34
3,400,000
35
5,150,000
38
6,416,667
35
Last year the company realized $7,000,000 in operating
income (EBIT). Its annual interest expense is $1,500,000.
What was the companys net income for the year?
$3,085,500
$3,230,700
$4,174,500
$3,630,000
$3,303,300Taxable Income
Tax on Base of Bracket
Percentage on Excess above BaseUp to $50,000
$0
15%$50,000-$75,000
7,500

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Zoose Industries sells sport apparels. The company faces the following tax rate schedule: Tax on Base of Bracket Percentage on Excess above Base $0 15% 7,500 25 13,750 34 22,250 39 113,900 34 3,400,000 35 5,150,000 38 6,416,667 35 Last year the company realized $7,000,000 in operating income (EBIT). Its annual interest expense is $1,500,000. What was the company’s net income for the year? $3,085,500 $3,230,700 $4,174,500 $3,630,000 $3,303,300Taxable Income Tax on Base of Bracket Percentage on Excess above BaseUp to $50,000 $0 15%$50,000-$75,000 7,500 25$75,000-$100,000 13,750 34$100,000-$3 ...
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