Question: X has $ 2 0 0 , 0 0 0 of taxable income. The amount of tax X will owe for US federal income tax
X has $ of taxable income. The amount of tax X will owe for US federal income tax depends on what type type of entity X is ie individual Ccorporation, Scorporation, partnership and what type of income eg ordinary income, dividends, capital gain has.
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