Imagine that you earned $14,425 in one year. If the government enforces a 1596 income tax, how much money would you owe in taxes at the end of the year? Show your work.

Tubby toys estimates that its new line of rubber ducks will generate sales of $7.60 million, operating costs of $4.60 million, and a depreciation expense of $1.60 million. if the tax rate is 35%, what is the firm’s operating cash flow? (enter your answer in millions rounded to 2 decimal places.)