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3. The profit of Panther Corp. was $12,000,000 in 2015. This profit is taxable, and there is no tax exemption. The financial managers in
3. The profit of Panther Corp. was $12,000,000 in 2015. This profit is taxable, and there is no tax exemption. The financial managers in Panther Corp. would use ( ) % as a proper tax rate to evaluate new project they find around the end of 2015. (Fill the blank. Is this tax rate marginal or average tax rates?) What is the tax liability of Panther Corp. for 2015 income? Taxable Income Tax Rate 0- 50,000 1596 50,001- 75,000 25 75,001- 100,000 34 100,001 335,000 335,001-10,000,000 10,000,001-15,000,000 39 34 35 15,000,001-18,333,333 18,333,334+ 38. 35
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