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Using the IRS 2018 corporate tax rates (and ignoring alternative minimum taxes and any exemption...

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Accounting

  • Using the IRS 2018 corporate tax rates (and ignoring alternative minimum taxes and any exemption or phase-outs), show the calculation of the federal corporate tax liability of Exxon on $36.1 billion in taxable income and on $40.0 billion in taxable income.

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