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Calculate the amount of federal income tax

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Reference no: EM131122972

Rolf Lee is now exploring whether it might be better to organize the Capital-Ideas Company as a subchapter S corporation based on information contained in Problem 5.

A. Calculate the amount of federal income tax that the Capital-Ideas Company would pay next year.

B. What would be the marginal tax rate on the last dollar of taxable income and what would be the average tax rate?

Reference no: EM131122972

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