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K (Corporate income tax) Boisjoly Productions had taxable income of $19.7 million. a. Calculate Boisjoly's federal income taxes using the tax table shown in
K (Corporate income tax) Boisjoly Productions had taxable income of $19.7 million. a. Calculate Boisjoly's federal income taxes using the tax table shown in the popup window: B b. Now calculate Boisjoly's average and marginal tax rates. a. The firm's tax liability for the year is $. (Round to the nearest dollar.) b. The firm's average tax rate is %. (Round to two decimal places.) K (Corporate income tax) Boisjoly Productions had taxable + a. The firm's tax liability for the year is $ (Round to the nearest dollar.) b. The firm's average tax rate is %. (Round to two decimal places.) The firm's marginal tax rate is %. (Round to the nearest integer.) Data table Taxable Income Marginal Tax Rate $0-$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 35% (Click on the icon in order to copy its contents into a spreadsheet.)
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