Delux Corporation, a retail sales corporation, has a taxable income of $500,000. Delux Corporation's regular tax liability is A. $158,250. B. $175,000. C. $105,000. D. $162,200.

Delux Corporation's regular tax liability is:

C. $105,000.

Explanation:

Effective 2018, the new corporate tax rate is 21%.  It was cut from 35% previously to 21%.  Therefore, calculating the tax liability of Delux Corporation, the taxable income will yield C.'s $105,000 (21% of $500,000).  Before 2018, the tax liability would have been B.'s $175,000.  This is a reduction of $70,000, which the government lost in taxes to enable businesses to make investments for economic growth.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.