Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the corporate tax rates are 15% for taxable income

The corporate tax rates are 15% for taxable income till $50,000; 18% for $51,000 to...

70.2K

Verified Solution

Question

Finance

The corporate tax rates are 15% for taxable income till $50,000; 18% for $51,000 to $80,000; 22% for $ 81,000 to $120,000 and 35% for above $120,000. What will be the marginal tax for a taxable income of $170,000?
A.
35%
B.
22%
C.
18%
D.
15%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

6 6 5 KJ 56 Under the same conditions how many mL of 1M KOH...

Finance
1.2K views

Stuart Electronics is considering investing in manufacturing equipment expected to cost $350,000. The equipment has an...

Chemistry
1.2K views

Compare and contrast scanning tunneling microscopy (STM) and atomic force microscopy (AFM)? List at least two...

Chemistry
1.2K views

. During the preparation of your dish(chocolate pudding, pasta, bread), the chemical composition of each ingredient...

Basic Math
1.2K views

Do male and female students study the same amount per week? In 2007, 58 sophomore business...

Basic Math
1.2K views

Trigonometry Exam 3 Part 2 1 3 points Sketch the vector indicated The vectors u...

Accounting
1.2K views

1.2y" - 5y' - 3y = 0 2y5y3y=0

Accounting
1.2K views

If an airline sales tickets to flyers for future flights, the receipt of cash would...

Accounting
1.2K views

P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule...

Accounting
1.2K views

On 1/1/17 Jose Incorporated issues a $10,000 bond with a term of 10 years and...

Accounting
1.2K views

Under the UCC which of the following statements is sufficient to make a promise or...

Accounting
1.2K views

AAA Construction wants to estimate the total general overhead for the next year based on...