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Jeff,
Please check the description to the answer below:
“The tax liability for a corporation’s taxable income of $63,000 is $7,850, as calculated below:
$50,000 × 0.15 = $ 7,500
+ 13,000 × 0.25 = 3,250
= $63,000 $10,750
The description of the answer should be: The tax liability for a corporation’s taxable income of $63,000 is $10,750, as calculated below:
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