Exam 1 review · Lesson 4 of 45
Corporate Income Taxes
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Exam 1 review · Lesson 4 of 45 · 13 min
Corporate Income Taxes
Marginal vs average rates, the 2017 bracket schedule vs today's flat rate, what is deductible, and how a corporation is taxed on dividends it receives.
Inside this lesson
- Why this matters
- The core idea
- The formula
- Worked example 1: a tax bill from the 2017 schedule
- Worked example 2: taxable income, tax and net income with dividends received
- Your turn
- Calculator steps
- Common mistakes
- Quick check
- Key takeaways
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