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Suppose pre-tax earnings are $100,000.00 and the corporate tax-(Answered)

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Question

Suppose pre-tax earnings are $100,000.00 and the corporate tax rate is 42%. How much additional money can a business owner receive by declaring the earnings as personal income which is taxed at a rate of 31%?

a.

$11,000.00

b.

$42,000.00

c.

$31,000.00

d.

$3,200.00

 

Paper#9210005 | Written in 27-Jul-2016

Price : $19
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