Question: Based on the tax table below, how much tax is owed if a company makes $200,000 in taxable income? Taxable income Tax Rate $50,000 15%

Based on the tax table below, how much tax is owed if a company makes $200,000 in taxable income? Taxable income Tax Rate $50,000 15% $50,001 $75,000 25% $75,001 $100,000 34% $100,001 $335,000 39% $335,001 $10,000,000 34% $10,000,001 $15,000,000 35%

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