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Becker and Company had $550,000 in EBT. Using the schedule below, what are their marginal and effective tax rate, respectively? Before-Tax Income (EBT) Tax Rate
Becker and Company had $550,000 in EBT. Using the schedule below, what are their marginal and effective tax rate, respectively?
| Before-Tax Income (EBT) | 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% |
| Over $18,333,333 | 35% |
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