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Tantor Supply, Inc. is a small corporation acting as the exclusive distributor of a major...

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Accounting

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Tantor Supply, Inc. is a small corporation acting as the exclusive distributor of a major line of sporting poods. During 2020 the firm eamed $132.505 before taxes If the firm has a tax flat rate of 21%, how much is Tantor's after tax earnings (net income) for 2020 Answered 103,428.95 rect Answer 104,678.95 margin of error: 25 2,000) / If a Corporation's Taxable Income Is Up to $50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000-$ 15,000,000 $15,000,000-$18,333,333 Over $18,333,333 It Pays This Plus This Percentage Amount on the on the Excess over the Base of the Bracket Base (Marginal Rate) $ 0 15% 7,500 25 13,750 34 22,250 39 113,900 34 3,400,000 35 5,150,000 38 6,416,667 35 Average Tax Rate at Top of Bracket 15.0% 18.3 22.3 34.0 34.0 34.3 35.0 35.0

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