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Use the tax rate taken from Exhibit 116 to calculate the total trases paid for...

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Use the tax rate taken from Exhibit 116 to calculate the total trases paid for Lansing, Inc. this year. Landing pem Income was $375,000. lys Exhibit 11.6 U.S. Corporate Tax Rate Schedule in 2007 Taxable Income D 193 More But Not More Than Than Sa $50,000 $50,000 $75,000 $75,000 $100,000 Tax Owed 15% of amount beyond 50 $7,500 -25% of amount beyond $50,000 $13,750 -34% of amount beyond $75,000 $100,000 S335.000 $10.000.000 $15,000,000 $18,333,333 $335,000 $10,000,000 $15,000,000 $18,333,333 $22,250 -39% of amount beyond $100,000 $113,900 -14% of amount beyond $335,000 $3,400,000 -35% of amount beyond $10,000,000 $5,150,000 -58% of amount beyond $15,000,00 35% on all income $90.500 $157,400 $113.900 $127.500 Previous CCCCECEEEEL

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