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Taxable Income Tax Rate $0 50,000 15% $50,001 75,000 25% $75,001 100,000 34% $100,001 335,000 39% $335,001 10,000,000 34% Given the tax rates as shown,
Taxable Income Tax Rate
$0 50,000 15%
$50,001 75,000 25%
$75,001 100,000 34%
$100,001 335,000 39%
$335,001 10,000,000 34%
Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $3,625,000?
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