Last year an engineering company earned $200 000 in annual revenues, and incurred $100 000 in total operating costs. It also bought a new lathe for $50 000. With a CCA rate of 30% and a corporate tax rate of 50%, how much income tax did the company pay?

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The Answer of Last year an engineering company earned $200 000 in annual revenues, and incurred $100 000 in total operating costs. It also bought a new lathe for $50 000. With a CCA rate of 30% and a corporate tax rate of 50%, how much income tax did the company pay?

Last Year an Engineering Company Earned $200 000 in Annual