Business, 17.12.2019 05:31 kaiyakunkle
Acompany wants to set up a new office in a country where the corporate tax rate is as follows:
15% of first $50,000 profits, 25% of next $25,000, 34% of next $25,000, and 39% of everything over $100,000.
executives estimate that they will have gross revenues of $500,00, total costs of $300,000, $30,000 in allowable tax deductions, and a one time business start-up credit of $8,000.
what is taxable income for the first year, and how much should the company expect to pay in taxes?
Answers: 3
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Acompany wants to set up a new office in a country where the corporate tax rate is as follows:
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