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Andrews Dried Fruit, LLC has taxable income of $630,000. How much does it owe in taxes?

Andrews Dried Fruit, LLC has taxable income of $630,000. How much does it owe in taxes?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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TB MC Qu. 78 Use the following tax table to... Use the following tax table to answer this question: Taxable Income Tax Rate 9,525 10% 9,525 38,700 12 38,700 82,500 22 82,500 157,500 24 157,500 200,000 32 200,000 - 500,000 35 500,000 + 37 $ 0- Andrews Dried Fruit, LLC has taxable income of $630,000. How much does it owe in taxes? Multiple Choice $141,750 $154,800 $198.790
Transcribed Image Text:TB MC Qu. 78 Use the following tax table to... Use the following tax table to answer this question: Taxable Income Tax Rate 9,525 10% 9,525 38,700 12 38,700 82,500 22 82,500 157,500 24 157,500 200,000 32 200,000 - 500,000 35 500,000 + 37 $ 0- Andrews Dried Fruit, LLC has taxable income of $630,000. How much does it owe in taxes? Multiple Choice $141,750 $154,800 $198.790
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