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Based on the following tax rate table, calculate the marginal tax rate if a company has $275,000 in taxable income. Taxable Income Tax Rate $0-$50,000
Based on the following tax rate table, calculate the marginal tax rate if a company has $275,000 in taxable income. Taxable Income Tax Rate $0-$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% A. 15% B. 25%
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