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Quiz Review Question (5 marks) CORPORATE TAXATION Calculate the federal tax due on corporate...

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Accounting

Quiz Review Question (5 marks)

CORPORATE TAXATION

  1. Calculate the federal tax due on corporate taxable income of $13,500,000. (Hint: Deduct any of the Standard deduction if a Corporate is eligible and then compute Federal Taxes)
  2. Calculate Effective Tax rate
  3. Calculate the Marginal tax rate

Tax Year is 2017

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