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A Sun & Sand Co. taxable income of $330000. Taxable Income Tax Rate $ 0 - 75000 15% 75001 100000 25% 100001 - 200000 29%
A Sun & Sand Co. taxable income of $330000.
Taxable Income Tax Rate
$ 0 - 75000 15%
75001 100000 25%
100001 - 200000 29%
200001 - 250000 38%
250001 - 400000 35%
a. What is the tax amount of Sun & Sand Co.? (6 marks)
b. Calculate the average tax rate. (2 marks)
c. What is its marginal tax rate? (2 marks)
please answer the three questions
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