Question: Current Attempt in Progress Crane Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $791,000.00. The interest rate on

Current Attempt in Progress Crane Electrical Company's financial statements indicated that

Current Attempt in Progress Crane Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $791,000.00. The interest rate on its $755,000.00 debt was 8.95 percent. Calculate the taxes the company is likely to owe if its tax rate is a flat 30%. What are the marginal and average tax rates for this company? (Round total taxes payable to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 17\%.) Total taxes payable $ Marginal tax rate % Average tax rate % eTextbook and Media Assistance Used

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