This year, Jennifer's company paid $400,000 in wages, $850,000 for overhead
expenses, and $75,000 for advertising. It made a profit of $23,000.
On which amount will Jennifer need to pay federal business taxes?
A. The $23,000 in profits
B. The $75,000 in advertising cost
C. The $400,000 in wages
D. The $850,000 in overhead expenses
