Question
13. Taxable Income Tax rate $0-50,000 15% 50,001-75,000 25% 75,001-100,000 34% 100,001-335,000 39% given the tax rate as shown, what is the average tax rate
13. Taxable Income Tax rate
$0-50,000 15%
50,001-75,000 25%
75,001-100,000 34%
100,001-335,000 39%
given the tax rate as shown, what is the average tax rate for a firm with taxable income of $289,740?
- 35.87 percent
- 35.68 percent
- 39.00 percent
- 33.22 percent
- 34.67 percent
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
5th edition
1259289907, 978-1259289903
