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The X corp. has 278,000$ taxable income. Based on the table 2.3, answer the following questions. Taxable income Tax Rate TABLE 2.3 Corporate tax rates

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The X corp. has 278,000$ taxable income. Based on the table 2.3, answer the following questions. Taxable income Tax Rate TABLE 2.3 Corporate tax rates 0 50,000 50,001 75,000 75,001 100,000 100,001 335,000 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001-18,333,333 18,333,334+ 15% 25 34 39 34 35 38 35 6 What is the tax liability of X corp? DS 91,670 88,510 96,120 89.100 What is the avarage tax rate of X corp? 30.12% 32.97% 35.11% 33.85%

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