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Taxable Income Pay this amount on base income Plus this percentage on anything over the base $0-50,000 0 15% 50,001-75,000 7,500 25% 75,001-100,000 13,500 34%
Taxable Income | Pay this amount on base income | Plus this percentage on anything over the base |
$0-50,000 | 0 | 15% |
50,001-75,000 | 7,500 | 25% |
75,001-100,000 | 13,500 | 34% |
100,001-335,000 | 22,250 | 39% |
335,000-10,000,000 | 113,900 | 34% |
Eccentricity Inc had $300,000 in 2013 taxable income. Using the tax schedule given below what are the company's 2013 taxable income taxes($), average tax rate(%) and marginal tax rate(%) respectively?
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