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1. During a particular year, a corporation has $18.6 million in revenue, $2.4 million of operating...

1. During a particular year, a corporation has $18.6 million in revenue, $2.4 million of operating expenses, and depreciation expenses of $6.4 million. What is the approximate federal tax this corporation will have to pay for this tax year? (show the complete cash-flow diagram.)

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Computation of federal corporate tax amount Particulars S in Million Revenue $18.6 Less: Operating expenses (S2.4) Less : Dep

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