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i need part 2 & 3 please get it right Problem 9 Intro A company has $13,500,000 in taxable income. Consider the following corporate marginal
i need part 2 & 3 please get it right
Problem 9 Intro A company has $13,500,000 in taxable income. Consider the following corporate marginal tax rates: Tax rate 15% 25% 34% Taxable income ($) 0- 50,000 50,001 - 75,000 75,001 - 100,000 100,001- 335,000 335,001 - 10,000,000 10,000,001 - 15,000,000 15,000,001- 18,333,333 18,333,334+ 39% 34% 35% 38% 35% Part 1 IB Attempt 1/10 for 10 pts. What is the marginal tax rate for the company? 35% Correct The table shows that the marginal tax rate for a taxable income of $13,500,000 is 35%. Therefore, the company would have to pay $0.35 in taxes for earning one additional dollar in taxable income. Part 2 Attempt 1/10 for 10 pts. What is the total tax bill for the company, i.e., how much does the company have to pay in taxes (in $) ? 0+ decimals Submit Attempt 1/10 for 10 pts. Part 3 What is the company's average tax rate? 3+ decimals Submit Step by Step Solution
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