The total tax on an income of $256,600 is:    Select one: a. $96,194 b. $113,900 c. $112,944 d. $128,544 e. $83,324

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter24: Multistate Corporate Taxation
Section: Chapter Questions
Problem 26P
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The total tax on an income of $256,600 is: 


 

Select one:
a. $96,194
b. $113,900
c. $112,944
d. $128,544
e. $83,324
???
 
Taxable income
$ 0
$ 50,001
$ 75,001
$100,001
$335,001
Tax Rate
$
50,000
15%
$
75,000
25%
$ 100,000
$ 335,000
$10,000,000
34%
39%
34%
Transcribed Image Text:Taxable income $ 0 $ 50,001 $ 75,001 $100,001 $335,001 Tax Rate $ 50,000 15% $ 75,000 25% $ 100,000 $ 335,000 $10,000,000 34% 39% 34%
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