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QUESTION 2 + 2. A company's taxable income is $35,000. Based on the following table, what is its marginal tax rate? What does measure? points)
QUESTION 2 + 2. A company's taxable income is $35,000. Based on the following table, what is its marginal tax rate? What does measure? points) Corporate Tax Rate Schedule Range of taxable income Tax calculation $0 to Base tax $50,000 (Marginal rate x amount over base bracket) 50,000 to $0 + (15% x amount over 75,000 $0) 7,500 + 75,000 to (25 x amount over 50,000) 100,000 13,750 + (34 x amount over 100,000 to 75,000) 335,000 22,250 (39 x amount over 335,000 to 100,000) 10,000,000 113,900 + (34 x amount over 335,000) 10,000,000 to 15,000,000 3,400,000 x amount over 10,000,000) 5,000,000 to 18,333,333 5,150,000 (38 x amount over 15,000,000) ver 18,333,333 6,416,667 (35 x amount over 18,333,333) + + (35 + + e toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T Arial 3 (12pt) T.EE i's e tax you pay on an additional dollar of income change in tax due change income x100 and Submit to save and submit. Click Save All Answers to save all answers. Save cer
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