Please show calculation. Thank you! SGS Co. had $750,000 in taxable income.Use the tax table below to
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Please show calculation. Thank you!
SGS Co. had $750,000 in taxable income.Use the tax table below to calculate the company's income tax.What is its average tax rate?What is its marginal tax rate?
Taxable Income Tax Rate
0 - $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%
15,000,001 - 18,333,333 38%
18,333,334 + 35%
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