What's the corporate tax on earnings before tax of 37,000

tameka623
Asked Jan 25, 2010
Axable income over-----Not over-----Tax rate

$ 0---- $ 50,000---- 15%
50,000---- 75,000---- 25%
75,000---- 100,000---- 34%
100,000---- 335,000---- 39%
335,000---- 10,000,000---- 34%
10,000,000---- 15,000,000---- 35%
15,000,000---- 18,333,333---- 38%
18,333,333---- .......... ---- 35%

These are the corporate tax rates. Be careful how you calculate the tax. For instance, tax on $57,000 would be 15% on the first $50,000 and 25% on the next %7,000.
SusanDiaz
Answered Jan 06, 2013

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