What is the average tax rate for a corporation that has $66,000 of taxable income? The...

Transcribed Image Text:

What is the average tax rate for a corporation that has $66,000 of taxable income? The tax rates are as follows. (Enter the answer in percentage and round the answer to two decimal places. For example, if the answer is 18.567%, just write down 18.57). Corporate Taxable Income ($) 0-50,000 50,001-75,000 75,001-100,000 Tax Rate (%) 15 25 34 Numeric Response What is the marginal tax rate for a corporation that has $66,000 of taxable income? The tax rates are as follows. (Enter the answer in percentage and round the answer to two decimal places. For example, if the answer is 18.567%, just write down 18.57). Corporate Taxable Income ($) 0-50,000 50,001-75,000 75,001-100,000 Tax Rate (%) 15 25 34 Numeric Response What is the average tax rate for a corporation that has $66,000 of taxable income? The tax rates are as follows. (Enter the answer in percentage and round the answer to two decimal places. For example, if the answer is 18.567%, just write down 18.57). Corporate Taxable Income ($) 0-50,000 50,001-75,000 75,001-100,000 Tax Rate (%) 15 25 34 Numeric Response What is the marginal tax rate for a corporation that has $66,000 of taxable income? The tax rates are as follows. (Enter the answer in percentage and round the answer to two decimal places. For example, if the answer is 18.567%, just write down 18.57). Corporate Taxable Income ($) 0-50,000 50,001-75,000 75,001-100,000 Tax Rate (%) 15 25 34 Numeric Response

Answer rating: 100% (QA)

Solution D We know Average Tax Rate Total tax paid x 100 Total taxable income Now Tota... View the full answer