A C-Corporation in California will pay both Federal and State tax on its net income.
Federal tax on a C-Corp is generally a flat 21% tax rate. (21% of net income after expenses) Publication 542 (01/2024), Corporations | Internal Revenue Service (irs.gov)
California State tax on a C-Corp is generally a flat 8.84% tax rate. (8.84% of net income after expenses) C corporations | FTB.ca.gov
In addition, there is a minimum franchise tax of $800 per year for any C-Corporation. First year corporations are exempt. This fee is due regardless of whether you have a gain or loss or any revenue at all. C corporations | FTB.ca.gov
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