Question

The corporate marginal income tax rate is lower than the top individual tax rate True False SEN NOW B

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans : True

The corporate marginal tax rate is projected to trend around 21.00 percent in 2020 and the top individual tax rate is 37%.

Add a comment
Know the answer?
Add Answer to:
The corporate marginal income tax rate is lower than the top individual tax rate True False...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • please add citations if possible! Why are corporate taxes lower than individual income taxes? Present an...

    please add citations if possible! Why are corporate taxes lower than individual income taxes? Present an argument for corporate taxes to be higher or equal to the highest individual income tax rates. Present an argument for corporate taxes to be lower than the average individual income tax rate?

  • 3) a) If the corporate tax rate is 30% and the individual tax rate is 10%...

    3) a) If the corporate tax rate is 30% and the individual tax rate is 10% (and these are the only taxes), a corporation with $20,000 of operating income, what is the after-tax disposable income the corporation generated for its owners? The tax rate is 5% between $0-$10,000 and 12% between $10,001 _$20,000. If you earn $12,000, then what is the average tax rate and the marginal tax rate? b) 4) a) You decide that your family would be comfortable...

  • 3) a) If the corporate tax rate is 30% and the individual tax rate is 10%...

    3) a) If the corporate tax rate is 30% and the individual tax rate is 10% (and these are the only taxes), a corporation with $20,000 of operating income, what is the after-tax disposable income the corporation generated for its owners? The tax rate is 5% between $0-$10,000 and 12% between $10.001-$20,000. If you earn $12,000. then what is the average tax rate and the marginal tax rate? 4) a) You decide that your family would be comfortable living on...

  • TRUE OR FALSE? 0. A "C" corporation pays tax on long term capital gain income at...

    TRUE OR FALSE? 0. A "C" corporation pays tax on long term capital gain income at a lower rate than the tax on ordinary income. 7. "C"corporations must use the CASH method of accounting. 8 An individual charahaldar rannsinsvarlar dividend from a corneration's

  • Using the 2020 corporate tax rate What are the tax liability, the marginal tax rate, and...

    Using the 2020 corporate tax rate What are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $248,300 taxable income? What are the tax liability, the marginal tax rate, and the average tax rate for a corporation with $39,253,000 taxable income?

  • Which of the following is true about the marginal tax rate? The marginal tax rate is...

    Which of the following is true about the marginal tax rate? The marginal tax rate is calculated as the total amount of taxes paid divided by the taxable income. The marginal tax rate is the tax rate for the last dollar of income. The marginal tax rate is the tax rate applied to every dollar of income. The marginal tax rate always increases with a corporation's income.

  • 1. Calculate the average tax rate and marginal tax rate Corporate Taxes - Excel HOME INSERT...

    1. Calculate the average tax rate and marginal tax rate Corporate Taxes - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Arial E伯 B 1 u , m. Cr. A. Alignment Number Conditional Format as. Cell Cells Editing Paste Clipboard D25 Formatting TableStyles- Font Styles A B Oakdale Fashions, Inc., had $315,000 in 2015 taxable income Use the tax schedule in Table 2.3 to calculate the company's 2015 income taxes. What is the average tax rate? (Round...

  • Question 14 0.13 pts Which statements best describes the relationship between the top marginal tax rate...

    Question 14 0.13 pts Which statements best describes the relationship between the top marginal tax rate in the United States and economic growth over the last 50 years? Top marginal tax rates have increased over time, while economic growth has remained constant. Top marginal tax rates have remained steady over time, while economic growth has declined. Top marginal tax rates have remained steady over time, while economic growth has increased. Top marginal tax rates have declined over time, while economic...

  • 1. Many Democrats believe that the corporate tax rate should be higher. What is their argument?...

    1. Many Democrats believe that the corporate tax rate should be higher. What is their argument? 2. Present an argument for corporate taxes to be higher or equal to the highest individual income tax rates. 3. Present an argument for corporate taxes to be lower than the average individual income tax rate? please provide citations and please answer all 3 questions.

  • Question 9 10 pts U.S. Corporate Tax Rate Schedule Taxable income (in $) Marginal Tax Rate...

    Question 9 10 pts U.S. Corporate Tax Rate Schedule Taxable income (in $) Marginal Tax Rate 0 - 50,000 15% 50.000 - 75,000 25% 75,000 100.000 34% 100,000 335.000 39% 335.000 10,000,000 34% 10,000,000 15,000,000 35% 38% 15.000.000 - 18.333,333 35% 18 333,333 Based on the US. Corporate Tax Rate Schedule above, calculate the average tax rate (in %) for a corporation with taxable income of 280.150 Note: Round you answer to the nearest first digit after the decimal point...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT