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What are the tax liabilities for a firm with a taxable income of $190,000 in...

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Question

Accounting

What are the tax liabilities for a firm with a taxable income of $190,000 in 2017?

Taxable Income

Tax Rate

$

0

-

50,000

15

%

50,001

-

75,000

25

75,001

-

100,000

34

100,001

-

335,000

39

Group of answer choices

$57,350.00

$70,610.00

$81,420.00

$92,450.00

Answer & Explanation Solved by verified expert
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