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Kappa Corporation Had a Taxable Income of $69,000 for 20xx

Question 150

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Kappa Corporation had a taxable income of $69,000 for 20xx.Calculate the income taxes expense of Kappa Corporation on the basis of the following tax schedule:
 Tax Rate Schedule  Traxable Income  Tar Lability  Over  But Nat Over  Of the Amount Over $50,0000+15%50,00075,000$,500+25%50,00075,000100,00013,750+34%75,000100,000335,00022,250+39%100,000\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Tax Rate Schedule }\\\begin{array} { | c c | r c | } \hline{ \text { Traxable Income } } & & { \text { Tar Lability } } \\\hline \text { Over } & \text { But Nat Over } && { \text { Of the Amount Over } } \\\hline - & \$ 50,000 & 0 + 15 \% & - \\50,000 & 75,000 & \$ , 500 + 25 \% & 50,000 \\75,000 & 100,000 & 13,750 + 34 \% & 75,000 \\100,000 & 335,000 & 22,250 + 39 \% & 100,000 \\\hline\end{array}\end{array}

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