Homework Help: economics/math question

Posted by kayla on Thursday, May 3, 2007 at 8:49pm.

Redball productions is a new company based in Orem Utah. Redball supplies stock images of still photography. Utah's state corporate income tax consists of a flat tax rate of 5% on all corporate income. Redball Production's taxable income in 2005 was $500,000. What amount of state income tax did Redball Productions owe?

It looks like the tax should be .05 x $500,000.

economics/math question - rayven, Monday, May 7, 2012 at 3:29pm
.05x500000=25000

Answer this Question

Related Questions

Public Finance - Suppose the corporate income tax were eliminated and corporate ...
geography - Can you check these for me? 1. What is the name of the country ...
economics - what are the arguments of high income, middle income, low income and...
accounting - Complete the work sheet. In completing the worksheet, compute State...
public finance - A worker lives in a state that has its own income tax. The ...
Public Finance - A worker lives in a state that has its own income tax. The ...
language arts - Where is the comma needed in the sentence? After traveling to ...
finance 2 questions - 9. When Patricia sells her General Motors common stock at ...
Macroeconomic - 1. An example of an automatic stabilizer is A. a temporary tax ...
Finance - Macho Tool Company is going public at $50 net per share to the company...

For Further Reading

First Name:
School Subject:
Answer: