Asked by Mak

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?
Answered by Ms. Sue
0.05 * 500,000 = ?
Answered by Alexis
25000
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