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The Tax Liability of a Corporation with Ordinary Income of $1,500,000

Question 72

Multiple Choice

The tax liability of a corporation with ordinary income of $1,500,000 is ________. Range of taxable income Marginal rate
$ 0 to $ 50,000 15%
50,000 to 75,000 25
75,000 to 100,000 34
100,000 to 335,000 39
335,000 to 10,000,000 34
10,000,000 to 15,000,000 35


A) $498,250
B) $510,000
C) $585,000
D) $690,000

Correct Answer:

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