Compute the federal income tax liability

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Reference no: EM13878046

Pace Corporation had a taxable income of $300,000 in 2007. Which of the following expression may be used to compute the federal income tax liability for the company?

A) 15% of taxable income

B) $113,900+64% over $100,000

C) 25% of taxable income

D) $22,250+ 39%over $100,000

Reference no: EM13878046

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