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Wil Stunkel
Wil Stunkel, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 11
Experience:  CPA (licensed in PA), 4.5 years of experience w/ estates, trusts, individuals, gifts, and businesses
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what is the federal tax amount on one million dollars

Customer Question

i need to know the federal taxes on one million dollars for a very inportant school project
Submitted: 9 years ago.
Category: Tax
Expert:  Wil Stunkel replied 9 years ago.

For 2006:

If it's personal income for a person filing as single the tax would be: $329,860.50

If it's "C" corporation's income the tax would be $340,000

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