Comfy inn earned $218,310 in taxable income for the year. how much tax does the company owe? $86,311.20 $85,140.90 $68,390.90 $69,998.20 $65,240.10

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Sphennings · Answer 1 · 2019-12-06T00:07:21+0000

see the correct question in the attached file

Total tax= .15($50,000) + .25($25,000) + .34($25,000) + .39($218,310-100,000) Total tax = $68,390.90

The answer is $68,390.90

Comfy inn earned $218,310 in taxable income for the year. how much tax does the company-example-1

Comfy inn earned $218,310 in taxable income for the year. how much tax does the company owe? $86,311.20 $85,140.90 $68,390.90 $69,998.20 $65,240.10

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