The SGS Co. had $258,000 in taxable income. Use the rates from Table 2.3. (Do not round intermediate

The SGS Co. had $258,000 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Calculate the company’s income taxes. Income taxes = $

Taxable Income Tax Rate TABLE 2.3 15% Corporate tax rates $ 50,000 50,001 75,000 75,001 – 100.000 100,001 – 335,000 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001- 18,333,333 18,333,334+

 

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