Boisjoyy Productions had $19.9 million in taxable income for the year. Using the tax table shown, their federal income tax liability is $6,630,000. Their average tax rate is 33.3% and marginal tax rate is 35%.
Calculating Corporate Income Tax for Boisjoyy Productions
1. (Corporate income tax) Boisjoyy Productions had taxable income of $19.9 milion. a. Calculate
Boisioly's federal income taxes using the tax table shown in the popup window: b. Now caleulate
Boisioly's average and marginal tax rates. a. The frms tax liablity for the year is I (Round to the
nearest dollar.) aqe EC