Question
The SGS Co. had $13500000 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the average tax
The SGS Co. had $13500000 in taxable income. Using the rates from the table below, calculate the company’s income taxes. What is the average tax rate? Enter your answer with 5 decimals (e.g. 0.12345).
Taxable Income Tax Rate $ 50,001- 75,001- 100,000 100,001- 335,000 335,00110,000,000 10,000,001-15,000,000 15,000,001-18,333,333 18,333,334+ 50,000 75,000 0- 15% 25 34 39 34 35 38 35
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
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