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throwaway190102
on Feb 6, 2019
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Netflix Posted Biggest-Ever Profit in 2018 and Pai...
You are correct. Payroll is part of expenses.
Oversimplified:
Profit = $Revenue - $Expenses
Tax = $profit % $Tax_rate
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Oversimplified:
Profit = $Revenue - $Expenses
Tax = $profit % $Tax_rate