Multiple Choice
If a corporation earns $1 million in revenues on $750,000 in expenses, including $415,000 from payrolls, and the corporate tax rate is 10 percent with a $100,000 exemption, then the corporate taxes would be
A) $90,000.
B) $31,000.
C) $25,000.
D) $15,000.
Correct Answer:
Verified
Correct Answer:
Verified
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