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Oakdale Fashions, Inc., had $245,000 in 2013 taxable income. Using the tax schedule given, calculate the company's 2013 income taxes. What is the average tax

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Oakdale Fashions, Inc., had $245,000 in 2013 taxable income. Using the tax schedule given, calculate the company's 2013 income taxes. What is the average tax rate? What is the marginal tax rate? (SHOW YOUR WORK) taxable income marginal tax rate up to 50,000 15% 50,000-75,000 25% 100,000-335,000 34% 335,000-10,000,000 39% 10,000,000- 34% 15,000,000 Oakdale Fashions, Inc., had $245,000 in 2013 taxable income. Using the tax schedule given, calculate the company's 2013 income taxes. What is the average tax rate? What is the marginal tax rate? (SHOW YOUR WORK) taxable income marginal tax rate up to 50,000 15% 50,000-75,000 25% 100,000-335,000 34% 335,000-10,000,000 39% 10,000,000- 34% 15,000,000

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