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Calculate the company tax using the tax schedule

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Question 1: The London Bridge Company had $630,125 in taxable income in the year ending September 30, 2017. Calculate the company's tax using the following tax schedule

Tax rate              Income Range

15%                   (0 - $50,000)

25                   (75,000-50,000)

34                   (100,000-75,000)

39                 (335,000-100,000)

34                 (633,125-335,000)

Option 1: $215,263

Option 2: $214,243

Option 3: $213,223

Option 4: $211,435

Reference no: EM132544217

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