Calculate the tax owed on ordinary income of $65,000 Table 2.1 Corporate Tax Rate Schedule Tax calculation Range of taxable income Base tax + (Marginal rate x amount over base bracket) S 0 to S 0 + amount over $ 50,000 $ 75,000 (15% (25 + amount over (34 amount over (39 X amount over 50,000 75,000 to 100,000 to 335,000 10,000,000 to 15,000,000 to Over 18,333,333 100,000 335,000 10,000,000 15,000,000 18,333,333 to 0) 50,000) 75,000) 100,000) 335,000) 10,000,000) 15,000,000) 18,333,333) 7,500 13,750 22.250 113,900 3,400,000 5,150,000 6,416,667 (34 X amount over (35 amount over (38 x amount over (35 X amount over