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Given the tax rate schedule below, whats the tax liability for a corporation with taxable income of $8 million? Corporate Tax Rates Taxable Income: 15%
Given the tax rate schedule below, whats the tax liability for a corporation with taxable income of $8 million?
Corporate Tax Rates Taxable Income:
15% $ 0 - $ 50,000
25% $ 50,000 - $ 75,000
34% $ 75,000 - $ 100,000
39% $ 100,000 - $ 335,000
34% $ 335,000 - $ 10,000,000
35% $ 10,000,000 - $ 15,000,000
38% $ 15,000,000 - $ 18,333,333
35% over $ 18,333,333
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