Incremental state and federal income tax rate

Assignment Help Business Economics
Reference no: EM131810304

A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation has a state taxable income of $150,000, what is the total state and federal income tax it must pay? Also, compute its combined incremental state and federal income tax rate.

Reference no: EM131810304

Questions Cloud

Calculate the amount of interest expense related to the loan : Franklin Co. borrowed $30,000 from a bank on August 1, 2017 and agreed to pay it back in eight months at an annual interest rate of 16%.
Prepare kingdom amortization schedule for the lease terms : Kingdom Leasing Inc. agrees to lease jousting equipment to Knight Inc. on Jan 1, 2012. Prepare Kingdom's amortization schedule for the lease terms
What would have been the effective annual after-tax interest : Sole is avoiding paying a fairly high price to retain the money owed shoe manufacturers. What would have been the effective annual after-tax interest rate?
Find formula for mode of the negative binomial distribution : Fix r and p and let P(k), k = 0, 1, . . denote the probabilities in the negative binomial (r, p) distribution.
Incremental state and federal income tax rate : A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation has a state taxable income of $150,000
Verify the break-even point by preparing an income statement : Verify the break-even point by preparing an income statement for each product as well as an income statement for the combined products.
What is the after-tax interest rate on loan : Another 6 points or $3000 of additional interest is deducted as four $750 additional annualinterest payments. What is the after-tax interest rate on this loan?
How much is the materials cost per unit : How much is the materials cost per unit if ending work in process was 25% complete and total materials costs equaled $192,000?
Compute steve after-tax rate of return : (a) Compute Steve's after-tax rate of return on this dual bond-plus-loan investment package.

Reviews

Write a Review

Business Economics Questions & Answers

  Significant amount of knowledge about

For this discussion, think about where you work or a business you have a significant amount of knowledge about.

  Marginal cost is zero to provide the rides

Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price

  Underestimate the underutilization of labor resources

The unemployment rate might underestimate the underutilization of labor resources because it does not include? ______.

  Concept of balance of power is fundamental

The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact of globalization and modern warfare in which one's opponents may not be atta..

  Does currency-board regime was a mistake.

with monetary policy for closed, it is hard for authorities to stimulate demand. Interior design does this show that currency-board regime was a mistake.

  Differences in the monetary benefits

In Michigan, unemployment benefits range from $81 to $362 per week, while in Colorado, benefits range from $25 to $502 per week, and in Washington, these benefits can vary between $158 and $664 per week. In addition to differences in the monetary ben..

  What is the price elasticity of supply for greek yogurt

Suppose that in a week the price of Greek yogurt increases from $1.25/lb to $1.75/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 180,000 lbs. What is the price elasticity of supply for Greek yogurt?

  Only activities are producing and consuming fish

The Nation of Wiknam has 5 million residents whose only activities are producing and consuming fish. They produce fish in two ways. Each person who works on a fish farm raises 2 fish per day. Why do you suppose that X, the productivity of each fisher..

  When the company has been proven to be unethical

Larger companies like Toyota and VW will ultimately survive - they have a good deal of money and power to ride out the storm. Toyota is still a top seller - even with all the problems they have had and continue to have. Can you explain why? Why would..

  Provide a detailed description of the issues

Provide a detailed description of the issues that you have researched. Analyze the most significant economic effects of the researched issues on healthcare industry. Provide at least two (2) examples of these issues to support your response.

  Design engineers creating high-end lighting fixtures

Josh and Alex work as design engineers creating high-end lighting fixtures. After one particularly enlightened afternoon, they decide to follow their dreams and open a cupcake bakery. Please sort their various costs, listed below, into the correct ca..

  Profound impact on capital flow

Assess in detail the global investment outlook into current developments that have profound impact on capital flow.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd