Reid IncReceived a $90,000 Cash Payment,of Which Only $50,000 Was Taxable

question 69

Multiple Choice

Reid Inc.received a $90,000 cash payment,of which only $50,000 was taxable income.If Reid's marginal tax rate is 40%,compute Reid's after-tax cash flow.

• A)$54,000
• B)$50,000
• C)$30,000
• D)None of the above

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