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need help asap please explain steps! always upvote! principles of finance chapter 2 ht The Ohio Corporation had a 2018 taxable income of $50,000,000 from
need help asap please explain steps! always upvote! principles of finance chapter 2
ht The Ohio Corporation had a 2018 taxable income of $50,000,000 from operations after all operating costs but before (1) interest charges of $500,000, (2) dividends received of $45,000, (3) dividends paid of $10,000,000, and (4) income taxes. Using the tax schedule in Table 2.3, what is Ohio's income tax liability? What are Ohio's average and marginal tax rates on taxable income from operations? Multiple Choice O O O $6.416,667, 12.83%, 35%, respectively $17,329,725, 34.66%, 35%, respectively $13,829725, 2766%, 35%, respectively $17,340,750, 34 68%, 35%, respectively ht The Ohio Corporation had a 2018 taxable income of $50,000,000 from operations after all operating costs but before (1) interest charges of $500,000, (2) dividends received of $45,000, (3) dividends paid of $10,000,000, and (4) income taxes. Using the tax schedule in Table 2.3, what is Ohio's income tax liability? What are Ohio's average and marginal tax rates on taxable income from operations? Multiple Choice O O O $6.416,667, 12.83%, 35%, respectively $17,329,725, 34.66%, 35%, respectively $13,829725, 2766%, 35%, respectively $17,340,750, 34 68%, 35%, respectively Step by Step Solution
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