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.
The Gang of Four, or siren bang, was a group of four influential Chinese Communist Party figures during the latter years of Mao Zedong's rule. The Gang consisted of Mao's wife, Jiang Qing, and her associates Wang Hongwen, Yao Wenyuan, and Zhang Chunqiao. Wang, Yao, and Zhang were all major party officials from Shanghai. They rose to prominence during the Cultural Revolution (1966-76), pushing Mao's policies in China's second city.