A company has a pre-tax income of $200,000 in a year. The tax rate for the first

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A company has a pre-tax income of $200,000 in a year. The tax rate for the first $100,000 is 20% and the tax rate for any income over $100,000 is 30%. What is the company's tax liability for the year?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 06, 2023 05:30 AM

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A company has a pre-tax income of $200,000 in a year. The tax rate for the first

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