The corporate tax rates are 15% for taxable income till $50,000; 18% for $51,000 to...
70.2K
Verified Solution
Link Copied!
Question
Finance
The corporate tax rates are 15% for taxable income till $50,000; 18% for $51,000 to $80,000; 22% for $ 81,000 to $120,000 and 35% for above $120,000. What will be the marginal tax for a taxable income of $170,000?
A.
35%
B.
22%
C.
18%
D.
15%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
