15. West Mountain Radio, an electronics fi rm specializing in equipment interfaces, had been in a marginal

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15. West Mountain Radio, an electronics fi rm specializing in equipment interfaces, had been in a marginal tax bracket of 39% and then this year had an increase in taxable income of $150,000. Their increase in taxes was exactly

$54,750. For each of the following, determine the smallest amount that meets the conditions given above.

a. What was their taxable income last year?

b. What was their total income tax this year?

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Related Book For  book-img-for-question

Fundamentals Of Engineering Economic Analysis

ISBN: 9781118414705

1st Edition

Authors: John A. White, Kellie S. Grasman, Kenneth E. Case, Kim LaScola Needy, David B. Pratt

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