A company wants to set up operations in a country with the following corporate tax rate structure: Taxable Income Tax Rate $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 $400,000, $100,000 in total costs, $60,000 in allowable tax deductions and $12,000 in a one-time business start-up credit, how much should the company expect to pay in taxes?
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Home » Business » A company wants to set up operations in a country with the following corporate tax rate structure: Taxable Income Tax Rate $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.