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How much tax will the business pay

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Reference no: EM133109720

Question 1 - If an after tax income of 200,000 is required and the tax rate is 20% then

A) What is the income tax?

B) How much tax will the business pay?

C) If the tax rate was 25% would the tax income be higher or lower

Question 2 - If the before tax income was 275,000 and the tax rate was 32.5% then

A) How much income tax would they pay?

B) What would be the after tax income be?

C) Would a business owner prefer a higher or lower tax rate?

Reference no: EM133109720

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