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Please also include how to configure tax payments along with

Question : Please also include how to configure tax payments along with

Please also include how to configure tax payments along with taxable income

based on this

income corporate tax rate

$0 - 50,000 15%

50,001-75,000 25%

75,001-10,000,000 34%

over $10,000,000 35%

additional surtax

:from $100,000 - $335,000 5%

from $15,000,000 - 18,333,333 3% surtax

Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,000. The firm had $114,000 in depreciation expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000 in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax payment?

 

Please also include how to configure tax payments along with taxable income

 

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Taxation 6 Months Ago 132 Views
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