Unformatted text preview: Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During
2013 the ﬁrm earned $90,400 before taxes. a. Calculate the firm's tax liability using the corporate tax rate schedule given in the following Table 0 . b. How much are Tantor Supply‘s 2013 after-tax earnings?
c. What is the ﬁrm's average tax rate, based on your findings in part (a)?
d. What is the ﬁrm's marginal tax rate, based on your findings in part (a)? a. The ﬁrm's tax liability is $ 18986 . (Round to the nearest dollar.)
b. The firm's after—tax earnings is $ 71414 . (Round to the nearest dollar.)
c. The ﬁrm's average tax rate is 21 %. (Round to one decimal place.) d. The firm's marginal tax rate is 34 %. (Round to the nearest integer.) ...
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- Summer '08
- Firm, Tantor Supply, Inc., Corporate taxes Tantor Supply