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America's Top States For Business 2011
Quiz: CNBC Quiz: CNBC Top States and You
Question 3 of 10
3. Which state has the greatest number of brackets for corporate tax rates?
- Alaska
- California
- Massachusetts
- New Jersey
Correct!
Alaska has ten brackets for corporate income tax rates. The lowest is $10,000, and the highest is $90,000. The state's corporate tax rate ranges from 1.0 percent to 9.4 percent. The state with the second-greatest number is Arkansas, with six brackets.
Source: Federation of Tax Administrators