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A corporation has the following taxable income data: Taxable Income ($) Tax Rate (%) 0 - 50,000 15 50,001 - 75,000 25 Over 75,000 35



  • A corporation has the following taxable income data:

    Taxable Income ($)Tax Rate (%)
    0 - 50,00015
    50,001 - 75,00025
    Over 75,00035

    Calculate the corporate income tax liability.

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