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Pertdoggo Pertdoggo
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6 years ago
In markdown calculations, the original cost of the merchandise is used as the base.
  Indicate whether the statement is true or false

Q. 2

Caterina is single. Her taxable income is 59,541. Find the tax liability using the Tax Table, Exhibit 18-3 from your text.
 A) 8,094
  B) 10,911
  C) 11,081
  D) 11,056

Q. 3

Markdowns should be regarded as losses.
  Indicate whether the statement is true or false

Q. 4

You buy fishing equipment costing 278. State taxes are 5.5 and the federal excise tax on this item is 12.45. What is the total purchase price? (Round your answer to the nearest cent if necessary)
 A) 295.95
  B) 342.19
  C) 327.90
  D) 3,755.00
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CbrowneCbrowne
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6 years ago
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Pertdoggo Author
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6 years ago
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