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answers should be formulas Oakdale Fashions, Inc., had $315,000 in 2015 taxable income. Use the tax schedule in Table 2.3 to calculate the company's 2015
answers should be formulas Oakdale Fashions, Inc., had $315,000 in 2015 taxable income. Use the tax schedule in Table 2.3 to calculate the company's 2015 income taxes. What is the average tax rate? (Round your answer to 2 decimal places.) What is the marginal tax rate? able 2.3 Corporate Tax Rates as of 2015 Complete the following analysis. Do not hard code values in your calculations. \begin{tabular}{l|l|l|} Tax on base income of bracket & $ & 22,250 \end{tabular} Tax on income within final bracket Total tax Average tax rate Marginal tax rate 39.00%
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