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Problem 2-6 Tax Rates (LO3] The Dyrdek Co. had $264,000 in 2014 taxable income. Use the tax rates from Table 2.3. What is the average
Problem 2-6 Tax Rates (LO3] The Dyrdek Co. had $264,000 in 2014 taxable income. Use the tax rates from Table 2.3. What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average tax rate % What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Marginal tax rate % Tax Rate 15% 25 34 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 18,333,334+ 39 34 35 38 35
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