Beta C-Corp, a had gross sales of $880,000, cost of sales of $540,000. The company also paid salaries to employees in the amount of $145,000 (not included in cost of sales) for the current calendar year. Dividends of $95,000 were paid at the end of the year. What is the total income tax paid by the company? Use the 2020 rates for C-Corp. 

Answer rating: 100% (QA)

Answer Rate of taxes for c corp 21 Gross sales 880000 Less cost of sal... View the full answer