The Huntington Rain Gear Company had $633,125 in taxable income in the year ending September 30, 2017.
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(1) (2) (3) Marginal Tax Rate: Tax Rate on the Excess Over the Base (4) Pay This Amount on the Base of the Average Tax Rate at Top of Bracket 15.0% Corporations' Taxable Income $0-50,000 50,001–75,000 Bracket 15% 25 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 18.3 22.3 34 75,001–100,000 100,001–335,000 335,001–10,000,000 10,000,001–15,000,000 15,000,001–18,333,333 More than 18,333,333 39 34.0 34.0 34 35 34.3 35.0 38 35.0 35
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1119371403
4th edition
Authors: Robert Parrino, David S. Kidwell, Thomas Bates
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