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inwasted this question for a wrong answer can someone give me the correct answers please. updated information this is the only info provided on this
inwasted this question for a wrong answer can someone give me the correct answers please. updated information this is the only info provided on this exercise the chart is for (a) and (b). nothing for (c) just show to resolve. Exercise 17-26 (Algorithmic) (LO. 3) Compute the income tax liability for each of the following unrelated calendar year C corporations. Click here to access the tax table to use for part (a) and (b) of this problem. a. In 2017, Darter Corporation has taxable income of $74,500. $ 74.500 Feedback The income tax rates for corporations begin by being progressive. The phaseout of the lower rates begins with taxable income in excess of $100,000. Once taxable income reaches $18,333,334, the progression disappears. b. In 2017, Owl Corporation has taxable income of $13,444,000. $ 13,444 X Feedback Incorrect c. In 2018, Toucan Corporation has taxable income of $325,000. $ 325,000 X Feedback Incorrect Feedback Incorrect Income Tax RatesCorporations Taxable income The Tax is: But not Over- Of the Amount Over- Over- $ 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 $ 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 15% $ 7,500 + 25% 13,750 + 34% 22,250 + 39% 113,900 + 34% 3,400,000 + 35% 5,150,000 + 38% 35% 0 50,000 75,000 100,000 335,000 10,000,000 15,000,000 Income Tax RatesCorporations Taxable income The Tax is: But not Over- Of the Amount Over- Over- $ 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 $ 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 15% $ 7,500 + 25% 13,750 + 34% 22,250 + 39% 113,900 + 34% 3,400,000 + 35% 5,150,000 + 38% 35% 0 50,000 75,000 100,000 335,000 10,000,000 15,000,000
inwasted this question for a wrong answer can someone give me the correct answers please.
updated information
this is the only info provided on this exercise the chart is for (a) and (b). nothing for (c) just show to resolve.
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