Instructions: In this section, please show all
calculations. Partial credit will be given wherever
possible, when your calculations are shown and they are completed
correctly.
33. – 35. Corporate Income Taxes
Corporate Tax Schedule
If Corporation's Taxable
It Pays This Amount on the
Plus this Percentage on the
Income is:
Base of the Bracket:
Excess Over the Base:
Up to $50,000
0
15%
$50,000 -- $75,000
$7,500
25%
$75,000 -- $100,000
$13,750
34%
$100,000 -- $335,000
$22,250
39%
$335,000 --...