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?

Name: 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?
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Question

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

Exhibit 2-1 the Tax Schedule for Corporate Income Is Shown in the in the Table