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1. [5] A company, operating in the U.S., has the revenues and expenses shown in the table. Revenues 220,000 Expenses Labor Materials 50,000 10,000 Depreciation
1. [5] A company, operating in the U.S., has the revenues and expenses shown in the table. Revenues 220,000 Expenses Labor Materials 50,000 10,000 Depreciation 6,000 2,000 1,000 Rent Insurance Compute income tax as a result of this operation if the company is part of a large, highly profitable a. company, such as Walmart (one of the most profitable ones in the U.S.) b. Compute income tax as a result of this operation of this operation if the company is an independent corporation and not owned by any other company c. Give THREE types of taxes that are NOT based on "taxable income
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