Economics Blue Tune Saloon had a gross income of $150,000 with $95,000 in expenses and $15,000 in depreciation charges. How much will the Saloon pay in taxes? Do not put $ signs or a comma in answer. Use the new flat tax rate of 21%, which was introduced in 2018 with the Tax Cuts and Jobs Act

Economics Blue Tune Saloon had a gross income of $150,000 with $95,000 in expenses and $15,000 in depreciation charges. How much will the Saloon pay in taxes? Do not put $ signs or a comma in answer. Use the new flat tax rate of 21%, which was introduced in 2018 with the Tax Cuts and Jobs Act

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section16.4: Taxation

Problem 5R

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Question

Economics
Blue Tune Saloon had a gross income of $150,000
with $95,000 in expenses and $15,000 in
depreciation charges. How much will the Saloon
pay in taxes? Do not put $ signs or a comma in
answer. Use the new flat tax rate of 21%, which
was introduced in 2018 with the Tax Cuts and Jobs
Act

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