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Question 10 2 pts Refer to the Tax Rate Table below (or Table 2.3 on page 31 in the book). Corporation Growth has $92000 in
Question 10 2 pts Refer to the Tax Rate Table below (or Table 2.3 on page 31 in the book). Corporation Growth has $92000 in taxable income. Suppose Corporation Growth has identified a new project that will increase taxable income by $36,737. How much in additional taxes will Corporation Growth Marginal Tax Rates pay? Taxable Income Tax Rate 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+ 15% 25 34 39 34 35 38 35
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