What is the income range for the tax bracket

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Reference no: EM13184612

Calculate the corporate tax for each case:

1. Total annual taxable income is $210,000; tax is:

2. Your company is in the 34% tax bracket; for an additional $32,000, your incremental tax is:

3. Your total taxable income is $64,000; you are considering an investment that will net an additional $14,000 taxable income. Your incremental (additional) tax would be:

4. What is the income range for the 35% tax bracket?

5. What is the base tax for the 25% tax bracket?

6. What is the tax on $16,500,000?

Part B:

Calculate the personal tax for each case:

1. Single woman, AGI = $24,000, itemized deductions $3,400.

2. Married couple, AGI = $54,000, Itemized deductions = $14,000

Reference no: EM13184612

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