Answer:
Parents
Explanation:
Compulsory education makes sure all students (nationwide) are exposed to the basic knowledge needed to function in the real world.
Answer:
a. What is the after state taxes profit in the state with the 10% tax rate?
after state tax profit = $1,015,000 x (1 - state tax rate) = $1,015,000 x 0.90 = $913,500
b. What is the after state taxes profit in the state with the 2% tax rate?
after state tax profit = $960,000 x (1 - state tax rate) = $960,000 x 0.98 = $940,800
Unlike federal corporate taxes which apply to all US corporations regardless of where they operate, state corporate taxes vary a lot depending on the state. Some states do not collect any tax at all (6 states) while others charge taxes that vary from 2.5% to 12%.
