Calculate the state and federal taxes owed by abc also, Business Economics

+44 141 628 6080
[email protected]

Calculate the state and federal taxes owed by abc also

ABC Block's taxable income was $85,000 in the year just completed. The state where ABC was incorporated taxes corporate profits at a rate of 8% on the first $50,000 and 10% on any remaining income above $50,000. Calculate the state and federal taxes owed by ABC. Also, calculate the effective marginal tax rate on ABC's income. (Answer: t_e 26%)

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Calculate the state and federal taxes owed by abc also

Reference No:- TGS02605597

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Problem regarding culturally relativistic

"Gender inequality is not some accidental, hit-or-miss affair. Rather, each society's institutions work together to maintain the group's particular form of

How the major schools of thought within sociology

Question: Discover how the major schools of thought within sociology explain social stratification.

Discuss statements about sociological approaches

Question: Which of the following statements about sociological approaches are true?

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

How coastlines are vulnerable to multiple climate change

Even though are coastlines are very vulnerable to multiple climate change impacts, the good news is that because most of our urban settlements

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

Request for Solution File

Ask an Expert for Answer!!

Business Economics: Calculate the state and federal taxes owed by abc also

Reference No:- TGS02605597

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Let x and y be the numbers obtained in two draws at random

Q : Expenses start at 225k per year and increase by 50k per

Q : Smith company a wholesale distributor has been operating

Q : It also sold real estate for a profit income not capital

Q : Calculate the state and federal taxes owed by abc also

Q : Determine the federal taxes owed by lowtech and the

Q : The functions of a manager are planning directing and

Q : Tiny techs taxable income is 72000 a new product would

Q : Find an article in the financial press wall street journal