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Oakdale Fashions, Inc. had $245,000 in 2018 taxable income Using the tax schedule amount.) in Table 2 3 to calculate the company's 2018 income taxes
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income Using the tax schedule amount.) in Table 2 3 to calculate the company's 2018 income taxes (Round your answer to the nearest dollar Income taxes What is the average tax rate? (Round your answer to 2 decimal places.) verage tax rate https/erto-ef-mediam. Wating for exto.mheducat x What is the marginal tax rate? table 2.3 Corporate Tax Rates as of 2018 | Pay this Amount on Base Income Plus this Percentage on Anything Over the Base 15% 25 34 39 34 35 38 35 Marginal tax rate -T%-] Taxable Income $0-$50,000 $50,001-$75,000 $75,001-$100,000 $100,001-$335,000 $335,001-$10,000,000 $10,000,001-$15,000,000 $15,000,001-$18,333.333 Over $18,333,333 0 7,500 13,750 22,250 113,900 3.400,000 5.150,000 6,416,667
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