The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 50,000
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Question:
The tax rates for a particular year are shown below:
Taxable Income | Tax Rate | |
$0 – 50,000 | 15 | % |
50,001 – 75,000 | 25 | % |
75,001 – 100,000 | 34 | % |
100,001 – 335,000 | 39 | % |
What is the average tax rate for a firm with taxable income of $124,513?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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