Rebel Inc. had gross revenues of $420,000 last year. Their operation and maintenance costs for the year were $105,000 with corresponding annual depreciation of $42,000
Rebel Inc. had gross revenues of $420,000 last year. Their operation and maintenance costs for the year were $105,000 with corresponding annual depreciation of $42,000 for their capital assets. If the company paid a state income tax of $15,015, determine the federal income tax paid if the federal income tax rate is 21%. O A. $57,330 O B. $42,315 O C. $66,150 O D. $74,970 O E. $54,177
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