Question

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

Answer 1

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