Question
(Corporate income tax) Boisjoly Productions had taxable income of $ 19.5million. a. Calculate Boisjoly's federal income taxes by using the corporate tax rate structure in
(Corporate income tax) Boisjoly Productions had taxable income of $ 19.5million.
a. Calculate Boisjoly's federal income taxes by using the corporate tax rate structure in the popup window, LOADING....
b. Now calculate Boisjoly's average and marginal tax rates.
c. What would Boisjoly's federal income taxes be if its taxable income was $ million?
d. Now calculate Boisjoly's average and marginal tax rates with taxable income of $ million.
a. Calculate Boisjoly's federal income taxes.
The total tax due is $
Corporate Tax Rates | ||
15% | $0$50,000 | |
25% | $50,001$75,000 | |
34% | $75,001$10,000,000 | |
35% | over $10,000,000 | |
Additional surtax: | ||
5% on income between $100,000 and $335,000 | ||
3% on income between $15,000,000 and $18,333,333 | ||
(Click on the icon located on the top-right corner of the data table above in order to copy its contents into aspreadsheet.) |
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