Question
assume that a corporations pretax net income is taxable (Federal + State) based on 21% of the first $300,000, 30% of the next $400,000, and
assume that a corporations pretax net income is taxable (Federal + State) based on 21% of the first $300,000, 30% of the next $400,000, and 34% of anything beyond that.
- If the company made $1,000,000, what is the corporations average tax rate?
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
