How many more dollars will be paid in additional federal tax

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Reference no: EM132036114

A U.S. company planned to have a taxable income of $8500,000 this year, It actually $2, 200,000 more than planned Using the U.S. Corporate Income Tax Rate Schedule:

a) What is the amount of taxes paid on the planned and actual taxable income?

b) How many more dollars will be paid in additional federal taxes this year than planned?

Reference no: EM132036114

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