The Simonson Corp.provides the following data for 2014:
The net income for 2014 is $2,300,000.The Simonson's tax rate is 30 percent.No conversions or options were exercised during 2014.

Question

The Simonson Corp.provides the following data for 2014:
  The net income for 2014 is $2,300,000.The Simonson's tax rate is 30 percent.No conversions or options were exercised during 2014.

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The Answer of The Simonson Corp.provides the following data for 2014:
  The net income for 2014 is $2,300,000.The Simonson's tax rate is 30 percent.No conversions or options were exercised during 2014.

The Simonson Corp.provides the Following Data for 2014