This year,Plateau,Inc.'s before-tax income was $4,765,000.Plateau paid $310,000 income tax to state A and $130,000 income tax to state B.
a.Compute Plateau's federal taxable income and tax liability.
b.What is Plateau's overall income tax rate?

Question

Quizplus · Accepted Answer

The Answer of This year,Plateau,Inc.'s before-tax income was $4,765,000.Plateau paid $310,000 income tax to state A and $130,000 income tax to state B.
a.Compute Plateau's federal taxable income and tax liability.
b.What is Plateau's overall income tax rate?

This Year,Plateau,Inc