A company has taxable income of $4,000,000. The corporate tax rates are as follows: Taxable income...

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A company has taxable income of $4,000,000. The corporate tax rates are as follows: Taxable income ($) 0- Tax rate 50,000 15% 75,000 25% 100,000 34% 39% 34% 35% 38% 35% 50,001- 75,001- 100,001- 335,000 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001 18,333,333 18,333,334+ Part 1 Attempt 2/10 for 8 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $)? A company has taxable income of $4,000,000. The corporate tax rates are as follows: Taxable income ($) 0- Tax rate 50,000 15% 75,000 25% 100,000 34% 39% 34% 35% 38% 35% 50,001- 75,001- 100,001- 335,000 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001 18,333,333 18,333,334+ Part 1 Attempt 2/10 for 8 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $)?

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The taxable income is 4000000 Lets calculate the tax for each bracket Brac... View the full answer