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Next Question (Corporate income tax) Boisjoly Productions had taxable income of $19.6 million. a. Calculate Boisjoly's federal income taxes by using the corporate tax rate
Next Question (Corporate income tax) Boisjoly Productions had taxable income of $19.6 million. a. Calculate Boisjoly's federal income taxes by using the corporate tax rate structure in the popup window, B b. Now calculate Boisjoly's average and marginal tax rates. c. What would Boisjoly's federal income taxes be if its taxable income was $29.5 million? d. Now calculate Boisjoly's average and marginal tax rates with taxable income of $29.5 million. a. Calculate Boisjoly's federal income taxes. The total tax due is $ . (Round to the nearest dollar.) X Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Corporate Tax Rates 15% $0-$50,000 25% $50,001$75,000 34% S75,001-$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 Print Done
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