Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Taxable Income Tax Rate $ 0 9,525 10 % 9,526 38,700 12 38,701 82,500 22 82,501 157,500 24 RMP Enterprises is an LLC licensed in
Taxable Income | Tax Rate | |||||||
$ | 0 | 9,525 |
|
| 10 | % |
| |
| 9,526 | 38,700 |
|
| 12 |
|
| |
| 38,701 | 82,500 |
|
| 22 |
|
| |
| 82,501 | 157,500 |
|
| 24 |
|
|
RMP Enterprises is an LLC licensed in New York. The above company becomes fully incorporated , earning 118,700 taxable income. How much tax is due?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started