How much income tax must the corporation pay what is the, Microeconomics

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How much income tax must the corporation pay what is the

Problem

1. What are the advantages and disadvantages of the use of a sole proprietorship versus a partnership for conducting the operations of a small business firm?

2. Under what circumstances does it become advantageous for the small business to incorporate? 5.6 A corporation had net taxable income of $60,000 in 1991.

A. How much income tax must the corporation pay?

B. What is the marginal tax rate?

C. What is the average tax rate?

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