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TenTec in Sevierville, Tennessee, makes commercial and amateur radio equipment, including receivers, transceivers, antenna tuners, linear amplifiers, and so on. Their taxable income last year
TenTec in Sevierville, Tennessee, makes commercial and amateur radio equipment, including receivers, transceivers, antenna tuners, linear amplifiers, and so on. Their taxable income last year was $805,000. They have established a new line of electronic equipment that is on sale this year and that is expected to add another $90,000 to taxable income. Click here to access the Tax Table Determine the effective (average) tax rate on all of last year's taxable income. Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2. Determine the effective (average) tax rate on all of this year's taxable income. Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2. Determine the incremental tax rate. Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is 0.2. Determine the marginal tax rate this year. Carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is 0.2. Taxable Income (TI), in $ 0
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