A company wants to set up operations in a country with the following corporate tax rate structure:

Taxable Income	Tax Rate
	15%
$50,000 - $75,000	25%
$75,000 - $100,000	34%
>$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 $1,000,000, $450,000 in total costs, $30,000 in allowable tax deductions and $10,000 in a one-time business start-up credit, how much should the company expect to pay in taxes?

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