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Business, 06.05.2020 04:41 mason3870

A company wants to set up operations in a country with the following corporate tax rate structure: Taxable Income Tax Rate <$50,000 15% $50,000 - $75,000 25% $75,000 - $100,000 34% >$100,000 39% Therefore, a taxable income of $60,000 would result in taxes due of $50,000*0.15 + ($60,000-$50,000)*0.25 = $50,000*0.15 + $10,000*0.25 = $10,000 If the compay expects gross revenues of $500,000, $450,000 in total costs, $30,000 in allowable tax deductions and $15,000 in a one-time business start-up credit, how much should the company expect to pay in taxes?

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