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12-5) A firm's annual revenues are $850,000. Its expenses for the year are $615,000, and it claims $135,000 in depreciation expenses. What does it pay

12-5) A firm's annual revenues are $850,000. Its expenses for the year are $615,000, and it claims $135,000 in depreciation expenses. What does it pay in taxes, and what is its after-tax income?

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