8. Use the following tax table to answer this question: Taxable Income Tax Rate $0- $50,000...

 

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8. Use the following tax table to answer this question: Taxable Income Tax Rate $0- $50,000 15% 50,001- 75,000 25 100,000 34 335,000 39 34 75,001- 100,001- 335,001-10,000,000 A company has taxable income of $205,100. How much does it owe in taxes? 9. In the above question, what were the firm's marginal and average tax rates? 8. Use the following tax table to answer this question: Taxable Income Tax Rate $0- $50,000 15% 50,001- 75,000 25 100,000 34 335,000 39 34 75,001- 100,001- 335,001-10,000,000 A company has taxable income of $205,100. How much does it owe in taxes? 9. In the above question, what were the firm's marginal and average tax rates?