The Tax Liability of a Corporation with Ordinary Income of $105,000

Multiple Choice

The tax liability of a corporation with ordinary income of $105,000 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

A) $42,000
B) $35,700
C) $23,950
D) $24,450