CHAPTER 2: PROBLEM 4
Taxable Income	$285,000
Table 2.3
Taxable Income	Taxable Income (cont)	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%
Income Taxes =
Average Tax Rate =
Marginal Tax Rate =		(Note: No formula needed. Just input the correct rate from the Tax Rate column.)