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If a company earns $976,000 worth of taxable income what is the company's average tax rate? Taxable income Tax rate First $50,000 15% $50,001$75,000 25%
If a company earns $976,000 worth of taxable income what is the company's average tax rate?
Taxable income
Tax rate First $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 39%
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