CF 0

CF 1

Stmt Format

Income Taxes

Indirect Method

Solution 0

Does NI=CF?

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Corporation Tax Rate Schedule

This tax rate schedule is found at the IRS web site, under Forms and Pubs. The form for corporation income taxes is Form 1120. I found the following information in Pub 1120, the instruction set for the form.

Income Over

But Not Over

Tax is

Of Amount >

0

50,000

15%

$0

50,000

75,000

7,500+25%

50,000

75,000

100,000

13,750+34%

75,000

100,000

335,000

22,250+39%

100,000

335,000

10,000,000

113,900+34%

335,000

10,000,000

15,000,000

3,400,000+35%

10,000,000

15,000,000

18,333,333

5,150,000+38%

15,000,000

18,333,333

 

35%

0