Question 1 10 pts 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 $700,000, $350,000 in total costs, $60,000 in allowable tax deductions and $19,000 in a one-time business start-up credit, how much should the company expect to pay in taxes? $77,350 $90,054 $290,000 $96,350