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Calculating Corporate Income Tax

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In each of the following independent situations, determine the tentative minimum tax (assume that the companies are not a small corporation):
Amti (before the exemption amount):

Arleen corporation $160,000
Benitez corporation $ 210,000
Chestnut corporation $ 350,000

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Solution Summary

This solution calculates the tax rates for the companies listed with explanations regarding the calculations.

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The corporate tax rates in the U.S. are structured based on total gross income. In this case, we would calculate in this manner -

$160,000 gross income

Using the corporate tax table ...

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