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Intro A company has $12,500,000 in taxable income. Consider the following corporate marginal tax rates Tax rate 15% 25% Taxable income ($) 0- 50,000 50,001-
Intro A company has $12,500,000 in taxable income. Consider the following corporate marginal tax rates Tax rate 15% 25% Taxable income ($) 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+ 34% 39% 34% 35% 38% 35% Part 1 What is the marginal tax rate for the company? Attempt 1/10 for 10 pts 3+ decimals Submit Part 2 Attempt 1/10 for 10 pts What is the total tax bill for the company, le, how much does the company have to pay in taxes (in $? 0+ decimals Submit JE- Attempt 1/10 for 10 pts. Part 1 What is the marginal tax rate for the company? 3+ decimals Submit 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 Part 3 What is the company's average tax rate? . Attempt 1/10 for 10 pts. 3+ decimals Submit
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