Oakdale Fashions, Inc. had $410,000 in 2018 taxable income. Us the tax schedule below to calculate the companys 2018 income taxes.

Income tax?

Average tax rate?

Marginal tax rate?

Taxable Income Pay this Amount on Base Income Plus this Percentage on Anything Over the Base 15% 0 $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 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667