The tax liability of a corporation with ordinary income

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Reference no: EM131982622

The tax liability of a corporation with ordinary income of $105,000 is ________.

                     Range of taxable income              Marginal rate

               $            0     to    $ 50,000                           15%

                      50,000    to         75,000                           25

                      75,000    to       100,000                           34

                    100,000    to       335,000                           39

                    335,000    to 10,000,000                           34

               10,000,000    to 15,000,000                           35

Reference no: EM131982622

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