Using the tables below calculate the taxes paid from a sand and gravel operation in the folllowing circumstances.

a) Nebreska with a BTCF in 2017 of $12.6 million assuming the state taxes are deductible from the federal taxable income.

b) How much would the mine save if it were located in Nevada instead?

Corporate tax rate schedule (2005 through 2017).If taxable income (line 30 i 120) on page is

over but not over tax is of amount over

Ky 4.00 $0

5.00 $50,000

6.00 $100,000

La 4.00 $0

5.00 $25,000

6.00 $50,000

7.00 $100,000

8.00 $200,000

Maine 3.50 $0

7.93 $25,000

8.33 $75,000

8.93 $250,000

Md 8.25 $0

Mass 8.00 $0

Mich 6.00 $50

Minn 6.00 $0

Miss 0.00

3.00

4.00

Mo 5.00

Mon 6.75

Nebr 5.58

5.00 $25,000

6.00 $50,000

$ 0 $50,000 15% $0

50,000 75,000 47,500 +25% 50,000

75,000 100,000 13,750 + 34% 75,000

100,000 335,000 22,250+39% 100,000

335,000 10,000,000 113,900+34% 335,000

10,000,000 15,000,000 3,400,000 +35% 10,000,000

15,000.000 18,333,333 5,150,000+38% 15,000,000

18,333,333 ---------- 35% 0