Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major

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Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2021 the firm earned $1,804,900 before taxes.

a. Calculate the firm's tax liability using a flat tax rate of 21%.

b. How much are Tantor Supply's 2021 after-tax earnings?

c. What was the firm's average tax rate?

d. What was the firm's marginal tax rate?

Posted Date: Jun 21, 2024 04:03 AM

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Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major

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