You own a construction company with a revenue of $395,000. The direct costs of construction are $280,000. Your annual general overhead is $22,000, which includes $3500 in meals and entertainment; $3000 in office utilities; $2500 for office laptop; $8000 for office desks and chairs; $500 for office supplies; and miscellaneous. The allowed depreciation for office utilities is $50; for office laptop is $200; and for office desks and chairs is $85; and for office supplies is $15. In addition, the past allowed depreciation amounted to $300. During the year you also earned $8000 in dividends and $800 in interest. Determine your net taxable income from construction business and marginal net taxable income. The income tax rate for the company is 25%. Calculate the net profit of the company. (Please show all works and steps)

You own a construction company with a revenue of $395,000. The direct costs of conitraction are $280,000, Your annual geoeral ovephead is $22,000, which includes $3500 in meals and entertainment; $3000 in office utilities; $2500 for office haptop; $5000 for office deslss and chairs; $500 for office supplies, and miscellancees The allowed depreciation for office utilities is $50, for office laptog is $200, and for office desks and chairs is $85; and for office supplies is $15. Io addition, the past allowed depreciation amoanted to $300. Doring the year you also earned $8000 in dividends and $800 in interest. Determine your net taxable income froen cosstruction buineus and marginal bet taxable income. The incoase tax rate for the company is 25%. Calculate the net profit of the company