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.