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Question: suppose you are given the following information corporate tax rate...

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Suppose you are given the following information: Corporate Tax rate: 30% Team revenue: $20 million Team expenditure on players: $8 million Total team expenditure: $15 million You work for this franchise and are asked to estimate the taxes that will be due this year(assume the only tax is the corporate tax on revenue) . How much is due in taxes if there is no player depreciation? How much is due if we assume players depreciate 25% this year?

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