Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You may attempt this question 3 more times for credit. The United Techologies Corporation pays corporation taxes on Earnings Before Tax, in their tax accounts,

You may attempt this question 3 more times for credit. The United Techologies Corporation pays corporation taxes on Earnings Before Tax, in their tax accounts, of $9,607,681.00 at the following rates: 16% on the first $34,000 then at 22% on the next $48,000 then at 30%, on the next $1,793,000 and then at 40% thereafter. How much tax should the company pay? Give your answer in dollars and cents. Express your answer in dollars and cents CHECK ANSWER
image text in transcribed
You may attompt this question 3 more tmes for credit. The United Techologies Corporation pays corporation taxes on Earnings Before Tax, in their tax accounts, of $9,607,681.00 at the following rates: 16% on the first $34,000 then at 22% on the next $48,000 then at 30%, on the next $1,793,000 and then at 40% thereafter. How much tax should the company pay? Give your answer in dollars and cents. Express your answer in doliars and cents

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Finance For Construction

Authors: Anthony Higham, Carl Bridge, Peter Farrell

1st Edition

1138941298, 978-1138941298

More Books

Students also viewed these Finance questions

Question

11-1 Explain how and when payroll taxes are paid to the government.

Answered: 1 week ago