NARRBEGIN: Exhibit 2-1
Exhibit 2-1
The tax schedule for corporate income is shown in the table below:

-Refer to Exhibit 2-1.Pale Rider Corporation reports taxable income of $500,000 in 2011.What was their tax liability for the year?

Question

NARRBEGIN: Exhibit 2-1
Exhibit 2-1
The tax schedule for corporate income is shown in the table below:
 
-Refer to Exhibit 2-1.Pale Rider Corporation reports taxable income of $500,000 in 2011.What was their tax liability for the year?

Quizplus · Accepted Answer

=50000*.15+25000*.25+25000*.34+235000*.39+165000*.34=170000

NARRBEGIN: Exhibit 2-1 Exhibit 2-1