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Tax Table Taxable income over Not over Tax Rate $ 0 $ 50,000 15% 50,000 75,000 25% 75,000 100,000 34% 100,000 335,000 39% 335,000 10,000,000
Tax Table
Taxable income over | Not over | Tax Rate |
$ 0 | $ 50,000 | 15% |
50,000 | 75,000 | 25% |
75,000 | 100,000 | 34% |
100,000 | 335,000 | 39% |
335,000 | 10,000,000 | 34% |
10,000,000 | 15,000,000 | 35% |
15,000,000 | 18,333,333 | 38% |
18,333,333 | ............... | 35% |
3. Refer to the Tax Table. First Watch, Inc. has a pretax income of $3,755,250. What is the companys average tax rate, marginal tax rate and tax liability?
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