Rebel Inc. had gross revenues of $440,000 last year. Their operation and maintenance costs for the year were $110,000 with corresponding annual depreciation of $44,000
Rebel Inc. had gross revenues of $440,000 last year. Their operation and maintenance costs for the year were $110,000 with corresponding annual depreciation of $44,000 for their capital assets. If the company paid a state income tax of $14,300, determine the federal income tax paid if the federal income tax rate is 21%. O A. $60,060 O B. $57,057 O C. $78,540 O D. $69,300 O E. $45,760
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