The Dyrdek Co. had $270,000 in 2014 taxable income. Use the tax rates from Table 2.3....

Question

Question

The Dyrdek Co. had $270,000 in 2014 taxable income. Use the tax rates from Table 2.3.

Calculate the company’s 2014 income taxes

Tax = ?

Table%202.3.JPG

Answer 1

Answer #1

Hi

Income tax in 2014= 15%*50000 + 25%*25000 + 34%*25000+ 39%*170000

=7500 + 6250+ 8500 + 66300

= $88,550

Thanks

Answer 2

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