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Abc company earned $851,597 in taxable income for the year. how much tax does the company owe on this income? a. 48,542 b. 18,592.94 c. 200,042.79 d. 289,542.98
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Abc company earned $851,597 in taxable income for the year. how much tax does the company owe on this income?

a. 48,542
b. 18,592.94
c. 200,042.79
d. 289,542.98

User Jure Kolenko
by
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1 Answer

4 votes
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


User DotcomXY
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