# BUSN

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Assuming a tax rate of 30%, what is the EBIT and taxable income for the year?

A) \$1,000,000 and \$800,000 respectively
B) \$575,000 and \$375,000 respectively
c) \$565,000 and \$365,000 respectively
D) \$425,000 and \$225,000 respectively
E) None of the above

• magic? -

How on earth could we possibly help you with no income statement data given?

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