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A company has taxable income of $9,000,000. The corporate tax rates are as follows: Taxable income ($) Tax rate 15% 25% 34% 39% 0 50,000
A company has taxable income of $9,000,000. The corporate tax rates are as follows: Taxable income ($) Tax rate 15% 25% 34% 39% 0 50,000 50,001 - 75,000 75,001 100,000 100,001 - 335,000 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001- 18,333,333 18,333,334+ 34% 35% 38% 35% Part 1 | Attempt 1/1 for 10 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes? 0+ decimals Submit
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