Kizspy | Question: 45
(Choose 1 answer)
Chartworth Associates' financial statements indicated that the company had EBITDA of $3,145,903. It had depreciation of $633,000, and its interest rate on debt of $1.25 million was 7.5 percent. Calculate the amount of taxes the company is likely to owe. Round your final answer to the nearest dollar.
Tax Rate
Taxable Income
15% $0 to $50,0002550.001-75,000
34 75,001-100,000
39 34 100,001-335,000 335,001-10,000,000
35 38 10,000,001-15,000,000 15,000,001-18,333,333
35 More than $18,333,333
FUOVERFL SOM
A. $1,069,607
Β. $1,037,732
C. $822,512
D. none of these answers are correct
