Question: Using the following tax table to answer the question: Suppose Banana, LLC has taxable income of 40,000, how much does it owe in taxes? Tax

Using the following tax table to answer the question: Suppose Banana, LLC has taxable income of 40,000, how much does it owe in taxes? Tax Rate Taxable income 0 - 9,525 10% 12% 9,525 -- 38,700 38,700 -- 82,500 22% 82,500 -- 157,500 24% 157,500 - 200,000 32% 200,000 - 500,000 35% 500,000+ 37%

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