Corporate federal income tax rates reach a high of 50 percent for earnings over
ID: 2717767 • Letter: C
Question
Corporate federal income tax rates
reach a high of 50 percent for earnings over $18,300,000
phase out the benefits of lower tax brackets as corporate income increases
decrease as income increases
are the same for all level of corporate income
Corporate bylaws specify the relationship between the corporation and the Securities and Exchange Commission. true or false
1.reach a high of 50 percent for earnings over $18,300,000
2.phase out the benefits of lower tax brackets as corporate income increases
3.decrease as income increases
4.are the same for all level of corporate income
Corporate bylaws specify the relationship between the corporation and the Securities and Exchange Commission. true or false
Explanation / Answer
Corporate federal income tax rates
phase out the benefits of lower tax brackets as corporate income increases
Corporate bylaws specify the relationship between the corporation and the Securities and Exchange Commission
True
Note : Corporate federal income tax rates are fixed income tax rate where as in personal there are different limits where low taxable income are taxed at lower rate.
Corporate bylaws is an article where it speciy the role & responsibility of board of director