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

-Refer to Exhibit 2-1.Big Diesel Incorporated currently predicts taxable income of $200,000 for the next year.If this is their actual income,what will be the tax liability for Big Diesel?

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.Big Diesel Incorporated currently predicts taxable income of $200,000 for the next year.If this is their actual income,what will be the tax liability for Big Diesel?

Quizplus · Accepted Answer

Taxes Paid=50000*.15+25000*.25+25000*.34+100000*.39=61250

NARRBEGIN: Exhibit 2-1 Exhibit 2-1