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Meyer Inc. has taxable income(earnings beforetaxes) of $301,000 Using the Table, what is the firm's tax liability for the year in $ Taxable IncomeMarginal Tax
Meyer Inc. has taxable income(earnings beforetaxes) of $301,000
Using the Table, what is the firm's tax liability for the year in $
Taxable IncomeMarginal Tax Rate
$0minus$50,000 15%
$50,001$75,000 25%
$75,001$100,000 34%
$100,000$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%
Thefirm's marginal tax rate is?
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