Cranberry Corporation has $3,240,000 of current year taxable income.
please don't guess, provide correct answer.
Tax rate | Taxable amount | Tax | |||
Current Year | Dec 31 2017 | 35% | 32,40,000 | 11,34,000 | |
Current Year | Dec 31 2018 | 21% | 32,40,000 | 6,80,400 | Tax rate changed to 21% from Tax year beginning from Jan 1 2018 |
Fiscal Year | April 30 2018 | 35% | 32,40,000 | 11,34,000 |
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