The average tax rate of a corporation with ordinary income of $105,000 and a tax liability of $24,200 is
A. 46 percent.
B. 23 percent.
C. 34 percent.
D. 15 percent.
Answer:B
The average tax rate of a corporation with ordinary income of $105,000 and a tax liability of $24,200 is
A. 46 percent. B. 23 percent. C. 34 percent. D. 15 percent.