Using the tables below calculate the taxes paid from a sand and gravel operation in the following circumstances Nebraska with a BTCF in 2017 of $12 6 million assuming the state taxes are deductible from the federal taxable income 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, Form 1120) on page 1 is 5 00 $50,000 6 88 $108, eee Over But not over Tax is of amount over 4 00 5 00$ $25,000 15 $0 $50,000 $0 6 884 $50,000 50,000 75,000 $7,500 25 50,000 7 00 $180, eee 75,000 100,000 13,750 34 75,000 8 00 $200, eee Maine 3 58 100,000 335,000 22,250 39 100,000 7 93 $25, eee 335,000 10,000,000 113,900 34 335,000 8 33 $75,000 10,000,000 15,000,000 3,400,000 35 10,000,000 8 934 $250,000 AAAAAAAAAAAAAAAAAAAAAAAA Md 8 25 15,000,000 18,333,333 5,150,000 38 15,000,000 Mass 8 88 18,333,333 35 Mich 6 88 Minn 9 884 Miss 0 00 3 00 $1,000 4 805 $5,000 5 084 $10,000 6 25 Mont 6 75 Nebr 5 584 Se 7 815 $100, Nev Corporate Tax Rate Schedule (2005 through 2017) If taxable income (line 30, Form 1120) on page 1 is 5 00 $50,000 6 88 $108, eee Over But not over Tax is of amount over 4 00 5 00$ $25,000 15 $0 $50,000 $0 6 884 $50,000 50,000 75,000 $7,500 25 50,000 7 00 $180, eee 75,000 100,000 13,750 34 75,000 8 00 $200, eee Maine 3 58 100,000 335,000 22,250 39 100,000 7 93 $25, eee 335,000 10,000,000 113,900 34 335,000 8 33 $75,000 10,000,000 15,000,000 3,400,000 35 10,000,000 8 934 $250,000 AAAAAAAAAAAAAAAAAAAAAAAA Md 8 25 15,000,000 18,333,333 5,150,000 38 15,000,000 Mass 8 88 18,333,333 35 Mich 6 88 Minn 9 884 Miss 0 00 3 00 $1,000 4 805 $5,000 5 084 $10,000 6 25 Mont 6 75 Nebr 5 584 Se 7 815 $100, Nev

Question

Using the tables below calculate the taxes paid from a sand and gravel operation in the following circumstances  Nebraska with a BTCF in 2017 of $12 6 million assuming the state taxes are deductible from the federal taxable income  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, Form 1120) on page 1 is  5 00 $50,000 6 88  $108, eee Over But not over Tax is of amount over 4 00  5 00$ $25,000 15  $0 $50,000 $0 6 884 $50,000 50,000 75,000 $7,500 25  50,000 7 00 $180, eee 75,000 100,000 13,750  34  75,000 8 00  $200, eee Maine 3 58  100,000 335,000 22,250   39  100,000 7 93  $25, eee 335,000 10,000,000 113,900   34  335,000 8 33 $75,000 10,000,000 15,000,000 3,400,000   35  10,000,000 8 934 $250,000 AAAAAAAAAAAAAAAAAAAAAAAA Md  8 25  15,000,000 18,333,333 5,150,000   38  15,000,000 Mass  8 88  18,333,333 35  Mich  6 88  Minn  9 884 Miss  0 00  3 00  $1,000 4 805 $5,000 5 084 $10,000   6 25  Mont  6 75  Nebr  5 584 Se 7 815 $100, Nev  Corporate Tax Rate Schedule (2005 through 2017) If taxable income (line 30, Form 1120) on page 1 is  5 00 $50,000 6 88  $108, eee Over But not over Tax is of amount over 4 00  5 00$ $25,000 15  $0 $50,000 $0 6 884 $50,000 50,000 75,000 $7,500 25  50,000 7 00 $180, eee 75,000 100,000 13,750  34  75,000 8 00  $200, eee Maine 3 58  100,000 335,000 22,250   39  100,000 7 93  $25, eee 335,000 10,000,000 113,900   34  335,000 8 33 $75,000 10,000,000 15,000,000 3,400,000   35  10,000,000 8 934 $250,000 AAAAAAAAAAAAAAAAAAAAAAAA Md  8 25  15,000,000 18,333,333 5,150,000   38  15,000,000 Mass  8 88  18,333,333 35  Mich  6 88  Minn  9 884 Miss  0 00  3 00  $1,000 4 805 $5,000 5 084 $10,000   6 25  Mont  6 75  Nebr  5 584 Se 7 815 $100, Nev

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Using the tables below calculate the taxes paid from a sand and gravel operation in the following circumstances. Nebraska with a BTCF in 2017 of

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