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 $50,000 * 0.15 + ($60,000 - $50.000) * 0.25 = $50,000 * 0.15 + $10,000 * 0.25 = $10,000 If the company expects gross revenues of $1,000,000, $200,000 in total costs, $30,000 in allowable tax deductions and $16,000 in a one-time business start-up credit, how much should the company expect to pay in taxes? $267, 550 $232, 704 $300, 300 $283, 550