Calculate the base value or “lump sum” for each of the “single” and “married filing jointly” 2016 brackets given in Table 6.4.

Table 6.4

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ITABLE 6.4 Corporate Income Brackets and Tax Rates, 2015 Taxable Income Tax 15% $7,500 + 25% of the amount over 50,000 $13,750 + 34% of the amount over 75,000 $22,250+ 39% of the amount over 100,000 $113,900 + 34% of the amount over 335,000 $3,400,000+ 35% of the amount over 10,000,000 $5,150,000+ 38% of the amount over 15,000,000 From 0 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 To Under 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 Above 35%