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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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