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2. SGS Co. had $16,500,000 in taxable income. Use the tax table below to ca late the company's income tax. What is its average tax
2. SGS Co. had $16,500,000 in taxable income. Use the tax table below to ca late the company's income tax. What is its average tax rate? What is its Taxable Income Tax Rate 15% 25% 75,001-100,000 346 396 0-$50,000 50,001-75,000 100,001-335,000 335,001 10,000,000 34% 10,000,001 15,000,000 15,000,001- 18,333,333 18,333,334 + 35% 38% 3596
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