Delux Corporation, a Retail Sales Corporation, Has a Taxable Income

question 82

Multiple Choice

Delux Corporation, a retail sales corporation, has a taxable income of $500,000. Delux Corporation's regular tax liability is

• A)$158,250.
• B)$162,200.
• C)$105,000.
• D)$175,000.

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Definitions:

Equivalent Ratio

A proportional relationship between two quantities showing how many times one value contains or is contained within the other.

Ratio

A ratio is a quantitative relationship between two numbers showing the number of times one value contains or is contained within the other.

Ratio

A ratio represents a quantitative relationship between two or more numbers, showing how many times one value contains or is contained within the other.

Ratio

A mathematical term describing the quantitative relation between two amounts, showing the number of times one value contains or is contained within the other.