Description of this paper

A corporation?s pretax net income of $1,000,000

Description

solution


Question

A corporation?s pretax net income of $1,000,000 is taxable based on 30% of the first $300,000, 35% of the next $300,000, and 40% of the balance. What is the corporation?s average tax rate? What is the corporation?s marginal tax rate?

 

Paper#34024 | Written in 18-Jul-2015

Price : $26
SiteLock