The correctly calculated taxes due (using the tax brackets from year 2017) on a corporate taxable income of $13,000,000 are closest to which of the following?  $4,450,000 $3,400,000 $4,420,000 $4,550,000

Last year, a small business reported the following cash flows: Gross revenues = $440,000; Operation and maintenance costs = $110,000; Asset depreciations = $44,000; State income tax = $12,870; Determine the federal income tax paid if the federal income tax rate is 21%. A. $47,190 B. $78,540 C. $60,060 OD. $57,357 ○ E. $69,300

1.Mr Adrian own a construction company with an asset worth RM400,000. Adrian proudly told to some of his fellow directors that his revenues were typically RM35,000 per month, while his operating cost for fuel was RM8,000 and maintenance RM5,000 per month. The estimated depreciation was RM10,000 per month. An office space similar to Peter 's office space can be rented for RM15,000 per month. If Peter was working for one of his competing construction companies, he would have earned RM5,000 per month. a.List the items that Adrian would consider to compute his explicit costs. b.List the items that Adrian would consider to compute his implicit costs. c.Compute Adrian monthly total economic cost. d.Should Adrian continue his business? Explain.

Jeff, a 56 year old professor is subject to a 28% tax rate. He has had a family emergency and must withdraw $5,000 from his IRA to fund it. How much money will he owe the government for this withdrawal?