The tax liability of a corporation with ordinary income of ...

[HCHenry]

The tax liability of a corporation with ordinary income of 1,100,000 is ________.
 
  Range of taxable income Marginal rate
 
   0 to 50,000 15
   50,000 to 75,000 25
   75,000 to 100,000 34
   100,000 to 335,000 39
   335,000 to 10,000,000 34
   10,000,000 to 15,000,000 35
   15,000,000 to 18,333,333 38
   Over 18,333,333 35
 
  A) 362,250
  B) 340,000
  C) 374,000
  D) 390,000

Question 2

New investments must be considered in light of their impact on the risk and return of the portfolio of assets because the risk of any single proposed asset investment is not independent of other assets.
 
  Indicate whether the statement is true or false

[shaikhs]

Answer to Question 1

C

Answer to Question 2

TRUE