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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

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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 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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