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

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

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