1. The London Bridge Company had $630,125 in taxable income in the year ending September 30, 2017. Calculate the companys tax using the following tax schedule.

Tax rate	Income Range
15%	(0 - $50,000)
25	(75,00050,000)
34	(100,00075,000)
39	(335,000100,000)
34	(633,125335,000)

A. $215,263

B. $214,243

C. $213,223

D. $211,435

2. The London Bridge Company had $630,125 in taxable income in the year ending September 30, 2017. Calculate the companys marginal tax rate using the following tax schedule.

Tax rate	Income Range
15%	(0 - $50,000)
25	(75,00050,000)
34	(100,00075,000)
39	(335,000100,000)
34	(633,125335,000)

A. 15%

B. 25%

C. 34%

D. 39%

3. Which of the following is NOT a noncash item?

A. Depreciation

B. Taxes

C. Prepaid expenses

D. Prepaid taxes