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Calculate the total amount of income taxes payable for TechCom Solutions for the fiscal year ending December 31, 2023, given the following information: Taxable Income:

Calculate the total amount of income taxes payable for "TechCom Solutions" for the fiscal year ending December 31, 2023, given the following information:

Taxable Income: $400,000

Corporate Tax Rate: 25%

Show all calculations and provide explanations for your answers.

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