Title: ACC 418 Competitive Success--snaptutorial.com - PowerPoint PPT Presentation

Description: ACC418 Module 1 Assignment 3 Calculating Tax Cost Microtech Software Corporation (MSC) was founded in 2001. The founder, Chan Li, studied at MIT and worked for a large software corporation before returning to his hometown, Centervale, to set up his own company. The corporate tax rate structure applicable in Centervale is as follows: Taxable Income Tax Rate Up to $50,000 15 percent From $50,001 through $150,000 22 percent Income in excess of $150,000 30 percent MSC has an opportunity to invest in a project that is expected to generate an additional $55,000 of taxable income. – PowerPoint PPT presentation