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A corporation's taxable income is $300,000. The tax rates are as follows: Taxable Income ($) Tax Rate (%) 0 - 50,000 15 50,001 - 100,000
A corporation's taxable income is $300,000. The tax rates are as follows:
| Taxable Income ($) | Tax Rate (%) |
|---|---|
| 0 - 50,000 | 15 |
| 50,001 - 100,000 | 25 |
| Over 100,000 | 35 |
Calculate the corporate income tax liability.
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Taxation For Decision Makers 2014
Authors: Shirley Dennis Escoffier, Karen Fortin
6th Edition
978-1118654545
