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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 $300,000. $150,000 in total costs. $80,000 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? $452 $500 $17, 500 $12, 500