Corporate federal income taxes are

Question

Social Studies

Jr

9 November, 03:30

Corporate federal income taxes are

+5

Answers (2)

Know the Answer?

Leonardo Ross · Answer 1

Leonardo Ross 9 November, 05:33

0

it's imposed at graduated rates

Hobbs · Answer 2

Federal corporate income tax is imposed at graduated rates. The lower rate brackets apply to lower rates of income when compared to higher tax brackets that coincide with higher rates of taxable income. All taxable income is subject to tax at 34% or 35% where taxable income exceeds $335,000.