Question: Assuming that the appropriate licenses are obtained, write down a profit formula that takes into account the different local, state, and federal taxes. Do not

formula that takes into account the different local, state, and federal taxes.

Assuming that the appropriate licenses are obtained, write down a profit formula that takes into account the different local, state, and federal taxes. Do not include the license fees in this calculation. Hint: Create a formula for each type of tax, then subtract the tax formulas from before tax income

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