How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wil Stunkel Your Own Question
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
Type Your Tax Question Here...
Wil Stunkel is online now
A new question is answered every 9 seconds

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: 10 years ago.
Category: Tax
Expert:  Wil Stunkel replied 10 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

If you have any questions regarding my answer, please let me know!