For your assignment this week, first begin by analyzing eight elements of thought and reasoning and re-organize them into four distinct categories by pairing elements together. Next, briefly describe each new category you createdand present your reasoning for each category.
U.S. Corporation Tax Rate through 2016. It is common to say that the U.S. corporate tax rate is 35%, but the rate varies from 15% to 35%, depending on the amount of corporate income subject to tax for the year. If you want to calculate the corporate tax for your business, you will first need to know your taxable income.
A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. 1  Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. The taxes may also be referred to as income tax or capital tax.