Question
The tax liability of a corporation with ordinary income of $105,000 is $24,200. Range of taxable income Marginal rate $0 to $50,000 15% 50,000 to
The tax liability of a corporation with ordinary income of $105,000 is $24,200. Range of taxable income Marginal rate
| $0 to $50,000 | 15% |
| 50,000 to 75,000 | 25% |
| 75,000 to 100,000 | 34% |
| 100,000 to 335,000 | 39% |
| 335,000 to 10,000,000 | 34% |
| 10,000,000 to 15,000,000 | 35% |
| 15,000,000 to 18,333,333 | 38% |
| Over 18,333,333 | 35% |
a.) What is the average tax rate of the corporation?
b.) What is the marginal tax rate of the corporation?
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Stock Market Investing For Beginners
Authors: Andrew P.C.
1st Edition
1549522132, 978-1549522130
