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The Mago-Net Company has an annual gross income of $72,173. Deductions total $5,224. What is the federal corporate income tax? Federal Corporate Income Tax Of

The Mago-Net Company has an annual gross income of $72,173. Deductions total $5,224. What is the federal corporate income tax?image text in transcribed

Federal Corporate Income Tax Of the Over But not over Tax is: amount over 0 S 50,000 15% S 50,000 75,000 100,000 335,000 10,000,000 | 15,000,000 | 3,400,000 + 35% | 10,000,000 15,000,000 | 18,333,333 | 5,150,000 + 38% | 15,000,000 50,000 75,000 100,000 335,000| 7,500 +25% 13,750 + 34% 22,250 + 39% 113,900+34% 75,000|$ 100,000 335,000 10,000,000| 18,333,333 ! 5,150,000 + 38% | $

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