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Corporate and Individual Tax - Compare and Contrast

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What is the corporate income tax formula and how does it compare and contrast with that of the personal income tax?

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The corporate income tax formula is graduated rates ranging from 15 to 35 percent of your corporate gross income minus expenses deductions, depreciation, and other deductions. Different type of corporations such as LLC, C Corp, S Corp, and DBA have different ...

Solution Summary

185 words compare the corporate income tax formula to the personal one.