Businesses pay taxes on their net income. Net income, is not the same as revenue, however. To calculate the net income, you need to start with the firm's revenues and deduct the relevant expenses located on the income statement. The computation itself is basic, and requires no specialized knowledge; take care, however, to input the numbers correctly to avoid any errors.
Deng Xiaoping emerges as paramount leader of the People's Republic of China. Deng had been dropped from the leadership roles after the April 1976 demonstrations in Tiananmen Square. As noted above, in July 1977 he returned to all his official positions and in addition he was the chief of staff of the People's Liberation Army.
Mao Zedong. Mao Zedong (1893-1976) was one of the historic figures of the twentieth century. A founder of the CCP (Chinese Communist Party), he played a major role in the establishment of the Red Army and the development of a defensible base area in Jiangxi province during the late 1920s and early 1930s.is family was persecuted. Deng Xiaoping reemerged as China's paramount leader shortly after the death of Mao Zedong in 1976. Deng Xiaoping's goal in 1976 was to set China back on the course of economic development that had been badly interrupted during the final years of Mao's leadership.