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Chartworth Associates financial statements indicated that the company has EBITDA of $3,145,903. It had depreciation of $633,000, and its interest rate on debt of $1.25
Chartworth Associates financial statements indicated that the company has EBITDA of $3,145,903. It had depreciation of $633,000, and its interest rate on debt of $1.25 million was 7.5%. The company is likely to owe $822,512 in taxes. What are the marginal and average tax rates for this company? Tax Rate Taxable Income 15% $0 to $50,000 25 50,001 75,000 34 75,001 100,000 39 100,001 335,000 34 335,001 10,000,000 35 10,000,001 15,000,000 38 15,000,001 18,333,333 35 More than $18,333,333
Question options:
34%, 34%
34%, 35%
none of these
35%, 34%
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