Determine the federal taxes owed by after-tax cash revenues


Problem

Low Tech, Inc., had revenues of $400,000 in the year just completed. The company incurred $133,000 in cash expenses and $24,575 in depreciation expenses. Determine the federal taxes owed by LowTech and the after-tax cash revenues.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the federal taxes owed by after-tax cash revenues
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