A company wants to set up operations in a country with the following corporate tax rate structure: Therefore, a taxable income of $60,000 would result in taxes due of $50,0000.15+($60,000$50,000)0.25=$50,0000.15+$10,0000.25=$10,000 If the compay expects gross revenues of $400,000, $100,000 in total costs, $60,000 in allowable tax deductions and $12,000 in a one-time business start-up credit, how much should the company expect to pay in taxes? $240,000 $70,579 $64,850 $93,600 A company wants to set up operations in a country with the following corporate tax rate structure: Therefore, a taxable income of $60,000 would result in taxes due of $50,0000.15+($60,000$50,000)0.25=$50,0000.15+$10,0000.25=$10,000 If the compay expects gross revenues of $400,000, $100,000 in total costs, $60,000 in allowable tax deductions and $12,000 in a one-time business start-up credit, how much should the company expect to pay in taxes? $240,000 $70,579 $64,850 $93,600