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 $600,000, $250,000 in total costs, $60,000 in allowable tax deductions and $3,000 in a one-time business start-up credit, how much should the company expect to pay in taxes