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Fighting Dyer Inc. had taxable income of $19.6 million. Calculate Fighting Dyer's federal income taxes...

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Finance

Fighting Dyer Inc. had taxable income of $19.6 million. Calculate Fighting Dyer's federal income taxes by using the corporate tax rate structure in the popup window,
Total tax due is
image
Data Table Corporate Tax Rates $0-$50,000 15% 25% $50,001-$75,000 34% $75,001-$10,000,000 35% over $10,000,000 Additional surtax 5% on income between $100,000 and $335,000 3% on income between $15,000,000 and $18,333,333 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done

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