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m2addymoDaDdoinaCar
m2addymoDaDdoinaCar m2addymoDaDdoinaCar
  • 07-10-2016
  • Business
Answered

Abc company earned $851,597 in taxable income for the year. how much tax does the company owe on this income?

A48,542
B18,592.94
C200,042.79
D289,542.98

Verified Answer :

andriansp andriansp
  • 16-10-2016

since there is no further information, i believe the answer would be : D. 289,542.98

The taxed rate for taxable income is usually depended on the type of the company (it could be around 30 - 35 %), but it should be around option D

hope this helps


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