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A company has $8,000,000 in taxable income. Consider the corporate tax rates below before 2017 Tax Reform: 3+ decimals Taxable income ($) 0- Part
A company has $8,000,000 in taxable income. Consider the corporate tax rates below before 2017 Tax Reform: 3+ decimals Taxable income ($) 0- Part 1 What is the marginal tax rate for the company? Submit day Tax rate 50,000 15% 50,001- 75,000 25% 75,001- 100,000 34% 100,001- 335,000 39% 335,001- 10,000,000 34% 10,000,001- 15,000,000 35% 15,000,001- 18,333,333 38% 18,333,334+ 35% B Attempt 1/10 for 10 pts. Part 2 Attempt 1/10 for 10 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes? 0+ decimals Submit Part 3 What is the company s average tax rate? 3+ decimals Submit Part 4 What is the company s net income (or after-tax earnings)? 0+ desimals Submit Attempt 1/10 for 10 pts. BAttempt 1/10 for 10 pts.
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