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Over $0 But not over Taxis: . Of amount over: $50,000 15% $0 $50,000 $75,000 $7,500 +25% $50,000 $75,000 $100,000 $13,750 + 34% $75,000
Over $0 But not over Taxis: . Of amount over: $50,000 15% $0 $50,000 $75,000 $7,500 +25% $50,000 $75,000 $100,000 $13,750 + 34% $75,000 $100,000 $335,000 $22,250 +39% $100,000 $335,000 $10,000,000 $113,900+34% $335,000 $10,000,000 $15,000,000 $3,400,000+ 35% $10,000,000 $15,000,000 $18,333,333 $5,150,000+ 38% $15,000,000 $18,333,333 35% $0 Refer to the table above: A firm has $12,000,000 in taxable income. What is the firm's tax bill? $4,100,000 $5,400,000 $3,400,000 $4,800,000
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