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Is 6.10 correct? I added $5.15 millon and 0.95 togetehr and got that answer. the 0.95 is from multipying 38% with 2.5 Pay This Amount

Is 6.10 correct? I added $5.15 millon and 0.95 togetehr and got that answer. the 0.95 is from multipying 38% with 2.5 image text in transcribed
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Pay This Amount on Base Income Plus This Percentage on Anything Over the Base Taxable Income $0-50,000 15% 25% $50,001-75,000 $75,001-$100,000 $100,001-335,000 34% $0 $7,500 $13,750 $22,250 $113,900 $3,400,000 $5,150,000 39% 34% $335,001-10,000,000 $10,000,001-15,000,000 $15,000,001-18,333,333 35% 38% Over $18,333,333 $6,416,667 35% & Aug. ass Exercises Equity Assets- Lia 6.10/17.5= ns: Question Answer 1 Calculate Net Working Capital for 2017 (in millions, no decimals). 2 Calculate Net Working Capital for 2018 (in millions, no decimals). 40 69 89 6.10 3 What is the balance of Total Equity for 2018 (in millions, no decimals). 2 4 If WFH Bookstore were to generate $17.5 mil in Taxable income, what would be their tax liability (in millions, to two decimal places)? What would be their Effective Tax Rate (in %, to two decimal places)? 5 0.35 6 What would be their Marginal Tax Rate (in %, to two decimal places)? ( 387

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