Oakdale Fashions, Inc., had $245,000 in 2018 taxable income. Using the tax schedule in Table 2.3, calculate

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Oakdale Fashions, Inc., had $245,000 in 2018 taxable income. Using the tax schedule in Table 2.3, calculate the company's 2018income taxes. What is the average tax rate? What is the marginal tax rate?

Table 2.3 Corporate Tax Rates as of 2018

Plus this Percentage on Anything Over the Base 15% 25 34 39 34 35 Taxable Income Pay this Amount on Base Income $0-$50,0

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Finance Applications and Theory

ISBN: 978-1259691416

4th edition

Authors: Marcia Cornett

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Question Posted: Apr 28, 2017 08:35 AM

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Oakdale Fashions, Inc., had $245,000 in 2018 taxable income. Using the tax schedule in Table 2.3, calculate

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From Table 23 the 245000 of taxable income puts Oakdale F...View the full answer

Finance Applications and Theory

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