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In: Finance

The tax liability of RGV corporation with ordinary income of $ 110,000 is ________. Range of...

The tax liability of RGV corporation with ordinary income of $ 110,000 is ________.

Range of taxable income                                       Marginal rate

                          $0     to       $50,000                           15%

                    50,000     to         75,000                            25

                    75,000     to       100,000                            34

                  100,000     to       335,000                            39

                  335,000     to   10,000,000                            34

              10,000,000     to   15,000,000                            35

              15,000,000     to   18,333,333                            38

                Over 18,333,333                                            35

A. 42,900

B. 26,150

C. 27,150

D. 28,150


What is the average tax rate for RGV corporation?

24.04%

23.77%

34%

39%

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jeff jeffy answered 6 months ago
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