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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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
Transcribed Image Text: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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