In 2019, a single person operates a business as a sole proprietorship. The business sells hammers on the internet. The business has revenues of $550,000 and expenses of 350,000,which includes $90,000 of wages. The individual also has a part-time job and earns $20,000. 

The individuals average tax rate is 24%, and the corporate tax rate is 21%. business operates as a C corporation, what is the 2019 tax liability?

Answer rating: 100% (QA)

Answer i Tax to corporation business income tax rate ... View the full answer