If You Earned an Extra $2,000 and Paid $400 in Taxes

question 92

Short Answer

If you earned an extra $2,000 and paid $400 in taxes on that income,what would your marginal tax rate be?

Comprehend the implications of corporate personhood and the rights of corporations under the law.

Identify the critical legal documents in corporation formation and operation, such as articles of incorporation, bylaws, and operating agreements.

Analyze the consequences of failing to adhere to legal formalities in the incorporation process, including the concepts of de facto and de jure corporations.

Understand the concept of corporate veil and circumstances under which it can be pierced to hold shareholders personally liable.