Question: Using the tax table provided in Figure 10.3, determine the average and marginal tax rates for a company that earned $13.5 million in taxable income.

Using the tax table provided in Figure 10.3, determine the average and marginal tax rates for a company that earned $13.5 million in taxable income. Average rate approx34.26\% Marginal rate=38.00\% Average rate =34.26\% Marginal rate =35.00\% Average rate=35,00\% Marginal rate =35.00\%; Averaae rate=35.00\% Marginal rate =45.26\%

Marainal Tax Rate Taxable Income Portion Subiect to That Rate

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