The tax liability of a corporation with ordinary income of $105,000 is ________
Range of taxable income Marginal rate
$0 to $50,000 15%
50,000 to 75,000 25
75,000 to 100,000 34
100,000 to 335,000 39
335,000 to 10,000,000 34
10,000,000 to 15,000,000 35
15,000,000 to 18,333,333 38
Over 18,333,333 35
A) $42,000
B) $35,700
C) $23,950
D) $24,200
D
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Answer the following statement true (T) or false (F)
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