### Question
Can you define what applicable percentage means?


### Answer
**Applicable percentage** is defined as the following in *26 U.S.C. § 274*:

> the percentage determined under the following table:


  


**For taxable years beginning****The applicable**
**in calendar year—****percentage is—**
  1998 or 199955  
  2000 or 200160  
  2002 or 200365  
  2004 or 200570  
  2006 or 200775  
  2008 or thereafter80

#### Citation:
  - *26 U.S.C. § 274*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IX-ITEMS NOT DEDUCTIBLE**

