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Im not sure what am I entering wrong. help please
This year, Mesa Inc.s before-tax income was $10,439,500. It paid $464,000 income tax to Minnesota and $412,000 income tax to
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Answer #1

Mesa's tax rate on its income would be 3,400,000+ 35% on over 10,000,000 according to tax rate table.

So Income before tax is 10,439,500

Mesa's federal income tax would be = 3,400,000 + 35% on 439,500 = 3,400,000+153,825 = 3,553,825

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