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last year sanderson, inc. has sales of 3.9 million. The firm's cost of goods sold came to 2.5 million, its operating expenses exluding depreciation of
last year sanderson, inc. has sales of 3.9 million. The firm's cost of goods sold came to 2.5 million, its operating expenses exluding depreciation of $104,000 were 410,000 amd the firm paid $152,000 in interest on its bank loan. Also,the corperation received 52,000 in dividend income from a company in which it owned less than 20 percent of ot shares but paid 24,000 in the form of dividends to it ls own common stockholders. use the corperation tax rate to show in the popup window to calculate the corperation's tax liability. what are the firm's average amd marginal tax rates?
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% on the icon in order to copy its contents into a spreadsheet.) Step by Step Solution
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