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The United Techologies Corporation pays corporation taxes on Earnings Before Tax, in their tax accounts, of $10,921,592.00 at the following rates: 20% on the first
The United Techologies Corporation pays corporation taxes on Earnings Before Tax, in their tax accounts, of $10,921,592.00 at the following rates: 20% on the first $65,000 then at 26% on the next $48,000 then at 29%, on the next $5,547,000 and then at 38% thereafter. How much tax should the company pay? Give your answer in dollars and cents.
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