Calculate the tax owed on ordinary income of $450,000 Table 2.1 Corporate Tax Rate Schedule Tax calculation (Marginal rate x amount over base bracket) Range of taxable income Base tax + S 0 to 0 + (15% X amount over $ 0) + (25 x amount over + (34 X amount over $ 50,000 $ 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 (39 amount over 50,000 to 75,000 to 100,000 to 335,000 to 10,000,000 to 15,000,000 to Over 18,333,333 + 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 (34 X amount over 50,000) 75.000) 100,000) 335,000) 10,000,000) 15,000,000) 18,333,333) + (35 amount over (38 amount over (35 X amount over