Question
orporate income tax ) Boisjoly Productions had taxable income of $19.4 million. a. Calculate Boisjoly's federal income taxes by using the corporate tax rate structure
orporate
income
tax)
Boisjoly Productions had taxable income of
$19.4
million.a. Calculate Boisjoly's federal income taxes by using the corporate tax rate structure in the popup window,
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Corporate Tax Rates |
| |
15% | $0long dash$50,000 | |
25% | $50,001long dash$75,000 | |
34% | $75,001long dash$10,000,000 | |
35% | over $10,000,000 | |
Additional surtax: | ||
bullet 5% on income between $100,000 and $335,000 | ||
bullet 3% on income between $15,000,000 and $18,333,333 |
.
b. Now calculate Boisjoly's average and marginal tax rates.
c. What would Boisjoly's federal income taxes be if its taxable income was
$29.9
million?d. Now calculate Boisjoly's average and marginal tax rates with taxable income of
$29.9
million.
a. Calculate Boisjoly's federal income taxes.
The total tax due is ?
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