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Question 1. (6 points) Corporate Tax Rate Schedule Tax Calculation Base Tax + (Marginal Tax *amount over base bracket) Range of Taxable Income (S) 0

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Question 1. (6 points) Corporate Tax Rate Schedule Tax Calculation Base Tax + (Marginal Tax *amount over base bracket) Range of Taxable Income (S) 0 0 7,500 to 50,000 to 75,000 to 100,000 to 335.000 13,750 22,250 50,000 75,000 100,000 335,000 10,000,000 15,000,000 + (15%* amount over 0) + (25%* amount over 50,000) + (34% * amount over 75,000) + (39% * amount over 100,000) + (34% * amount over 335,000) + (35%* amount over 10,000,000) + (38%* amount over 15,000,000) + (35%* amount over 18,333,333) to 10,000,000 113,900 to 15,000,000 to 18,333,333 3,400,000 5,150,000 over 18,333,333 6,416,667 Question 4 points): You have $1,500 to invest today at 10% interest compounded annually. Find how much you will have accumulated in the account at the end of (1) 10 years and (2) 46 years

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