Problem 16-56 (LO 16-2) (Static)

INFORMATION: Compute SWK Incorporateds tax liability for each of the following scenarios:

Problem 16-56 Part a (Static)

A. SWKs taxable income is $60,000.

What is the tax liability?

B.

Problem 16-56 Part B (Static)

B. SWKs taxable income is $275,000.

What is the tax liability?

Problem 16-56 Part C (Static)

C. SWKs taxable income is $50,000,000.

What is the tax liability?