Question: Using the corporate tax rate schedule in Table 14-1, compute the income tax liability for the following situations: Situation Taxable Income A . $70,000 B

Using the corporate tax rate schedule in Table 14-1, compute the income tax liability for the following situations:

Situation         Taxable Income

A ……………….       $70,000

B ………………...     85,000

C ……………….       320,000

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