Mathematics, 17.03.2020 06:47, hectorgonzalejr333

Concrete Works manufactures and sells cement trucks. For the previous year, their taxable income was $6,775,989.00. They have
to pay a federal tax rate of 35%, a state tax rate of 8%, and a local tax rate of 2%. As part of their loan package for the business, the
company has to pay $3,200,000.00 after the taxes are paid each year to go against the principal amount of the loan. The profit after
taxes and principal reduction can be determined by the equation
p() = 0.586041 - 3,200,000,
where x is their taxable income. How much profit does the company have after paying taxes and reducing the principal on the loan?

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Concrete Works manufactures and sells cement trucks. For the previous year, their taxable income was...