The Bubba Corp. had net income before taxes of $200,000 and sales of $2,000,000. - 4658

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The Bubba Corp. had net income before taxes of $200,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is: 

A) 5% 

B) 12% 

C) 20% 

D) 25% 

Solution Description