For a project with $450,000 in revenues, estimated profits, and overhead, what is the possible profit before taxes?

To determine the possible profit before taxes from revenues of $450,000, one must consider typical profit margins within the industry context and the associated overhead costs. Profits are generally calculated by subtracting the costs of goods sold (COGS), operating expenses, and overhead from total revenues.

In many businesses, a profit margin can range widely, but assuming a realistic profit margin for effective project management and successful operations can provide a basis for estimating the profit before taxes. Given the nature of the project and typical operating costs, estimating the profit to be in the range of $116,000 - $119,000 represents a conservative, yet realistic projection for profit after accounting for necessary expenses but before taxes are deducted.

This option reflects an understanding of typical operating costs relative to the revenue figure. It is essential to strike a balance between too high an expectation of profit—and potential risks—versus too low an estimation, which could suggest poor management of resources. Thus, this range accurately encapsulates a suitable expectation for profit before taxes, contingent upon effective management of revenues and costs.