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solina solina
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7 years ago
2015 U.S. Corporate tax rates are shown below:
Taxable Income   Marginal Tax Rate
$0-$50,000   15%
$50,001-$75,000   25%
$75,001-$100,000   34%
$100,001-$335,000   39%
$335,001-$10,000,000   34%
$10,000,001-$15,000,000   35%
$15,000,001-$18,333,333   38%
Over $18,333,333   35%

Bouffard Co. has earnings before taxes of $100,000,000 in 2015.  The company's tax expense will be
A) $3,500,000.
B) $36,500,000.
C) $31,875,000.
D) $35,000,000.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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