Question Marcia has sales of $79,600. The cost of goods sold is $48,200 and the other costs are $18,700. Depreciation is $8,300 and the tax rate is 35 percent. What is the net income?

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Marcia has sales of $79,600. The cost of goods sold is $48,200 and the other costs are $18,700. Depreciation is $8,300 and the tax rate is 35 percent.

What is the net income?

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CMDA8V

Income Before Taxes = Sales - Cost of goods sold - Other costs - Depreciation Income Before Taxes = $79,600 - $48,200 - $18,700 - $8,300 Income Before Taxes = $4400 Net Income =&#160 ... See the full answer