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.
The federal general rate is net of the 10% federal tax abatement and 13% (2012 and later years) general rate reduction. The general rate reduction is disallowed for a personal services business (PSB), for taxation years beginning after October 31, 2011, resulting in a federal corporate tax rate of 28% for PSBs.