Jurisdiction b levies a flat 7 percent tax on the first $5 million of annual corporate income. jersey inc. generated $3.7 million income this year. compute jersey’s income tax and determine its average and marginal tax rate on total income. leray inc. generated $9.4 million income this year. compute leray’s income tax and determine leray’s average and marginal tax rate on total income. what type of rate structure does jurisdiction b use for its corporate income tax?

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration